Income Tax Assessment Act 1997
This section applies if:
(a) you acquire a beneficial interest in a right; and
(b) the right later becomes a right to acquire a beneficial interest in a *share.
You acquire a right to acquire, at a future time:
(a) shares with a specified total value, rather than a specified number of shares; or (b) an indeterminate number of shares.
You acquire a right under which the provider must provide you with either ESS interests or cash, whichever the provider chooses.
This Division applies as if the right had always been a right to acquire the beneficial interest in the *share.
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