Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 197.25

Exclusion for transfers from option premium reserves

                   This Division does not apply to the transferred amount if:

                     (a)  it is transferred from an option premium reserve of the company; and

                     (b)  the transfer is because of the exercise of options to acquire * shares in the company; and

                     (c)  premiums in respect of those options were credited to the option premium reserve.



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