s 83A-15
In forceIndeterminate rights
Chapter 2Liability rules of general application
Part 2-40Rules affecting employees and other taxpayers receiving PAYG withholding payments
Division 83AEmployee share schemes
Subdivision 83A-BApplication of former provisions of the Income Tax Assessment Act 1936
83A-15 Indeterminate rights
(1)
This section applies if:
(a)
you acquired a beneficial interest in a right before 1 July 2009; and
(b)
on or after 1 July 2009, the right becomes a right to acquire a beneficial interest in a share.
(2)
Division 13A of the Income Tax Assessment Act 1936 is taken to have applied as if the right had always been a right to acquire the beneficial interest in the share.
Amendment of assessments
(3)
Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment at any time for the purpose of giving effect to subsection (2) of this section.
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