Tax Laws Amendment (Budget Measures) Act 2008 (59 of 2008)

Schedule 1   Fringe benefits tax and employee share schemes

Part 1   Fringe benefits tax and related measures

Income Tax Assessment Act 1997

9   Application

The amendment made by item 8 applies:

(a) to assets acquired after 7.30 pm, by legal time in the Australian Capital Territory, on 13 May 2008, other than assets acquired under a contract entered into at or before that time; and

(b) to assets acquired at or before that time, but only for assessments for the 2008-09 income year and later years.