S 139FA repealed by No 133 of 2009, s 3 and Sch 1 item 18, applicable in relation to the ESS interests mentioned in subsections
Income Tax (Transitional Provisions) Act 1997
. S 139FA formerly read:
SECTION 139FA LISTED SHARES OR RIGHTS
If the share or right is quoted on a stock market of an approved stock exchange on that day, the market value is:
if there was at least one transaction on that stock market in shares or rights of that class during the one week period up to and including that day
the weighted average of the prices at which those shares or rights were traded on that stock market during the one week period up to and including that day; or
if there were no transactions on that stock market in that one week period in such shares and rights:
the last price at which an offer was made on that stock market in that period to buy such a share or right; or
if, in the case of a share, no such offer has been made
the value of the share that would have been determined under section
if that section applied to the share; or
if, in the case of a right, no such offer has been made
the value of the right that would have been determined under section
if that section applied to the right.
S 139FA(1) amended by No 122 of 1997.
If a share or right is quoted on 2 or more approved stock markets on that day, the market value is the value determined under subsection (1) in respect of whichever of those the taxpayer chooses.
S 139FA(2) inserted by No 122 of 1997.
This section does not apply to a share if section
applies to the share.
S 139FA(3) inserted by No 43 of 2000.
This section applies for the purposes of section
as if references in this section to the one week period up to and including that day were references to the period consisting of that day.
S 139FAinserted by No 41 of 2005. No 41 of 2005, s 3 and Sch 3 item 22 contains the following application provision:
The amendment is taken to have applied, to acquisitions of shares or rights on or after 1 July 2004.
In this item:
, of a share or right, has the same meaning as in Division
Income Tax Assessment Act 1936
S 139FA inserted by No 169 of 1995.