Taxation Laws Amendment Act (No. 2) 1995 (169 of 1995)
Schedule 2 EMPLOYEE SHARE SCHEMES
Part 1 INCOME TAX ASSESSMENT ACT 1936
Division 2 Other amendments of the Income Tax Assessment Act 1936
3 After subsection 26AAC(4)
"(4AA) This section does not apply to an acquisition by a taxpayer
of a share in a company, or of a right to acquire a share in a
(a) an amount is, or apart from section 139BA would be, included in
the assessable income of the taxpayer under Division 13A in relation
to the acquisition; or
(b) in the case of a share-the share was acquired as a result of the
exercise of a right and this section did not apply in relation to the
acquisition of the right.".
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