Tax Laws Amendment (2009 Budget Measures No. 2) Act 2009 (133 of 2009)

Schedule 1   Employee share schemes

Part 2   Consequential amendments

Income Tax Assessment Act 1997

24   Paragraph 59-40(2)(d)

Repeal the paragraph, substitute:

(d) if you acquired a beneficial interest in the rights under an *employee share scheme - neither Subdivision 83A-B nor 83A-C (about employee share schemes) applies to the beneficial interest;