Tax Laws Amendment (2007 Measures No. 1) Act 2007 (56 of 2007)

Schedule 3   Employee share schemes and stapled securities

Part 2   Consequential amendments

Income Tax Assessment Act 1997

20   At the end of section 130-90

Add:

Stapled securities

(6) This section applies, in the same way as it applies in relation to a *share or right in a company, in relation to a *CGT asset that:

(a) forms part of a stapled security (within the meaning of Division 13A of Part III of the Income Tax Assessment Act 1936); or

(b) is a right to *acquire a stapled security (within the meaning of that Division).

(7) For the purposes of that application, a *withholding payment from a stapled entity (within the meaning of Division 13A of Part III of the Income Tax Assessment Act 1936) for the stapled security is taken to be a withholding payment from the company.