Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.20

  (1)   This Subdivision applies to an * ESS interest if you acquire the interest under an * employee share scheme at a discount.

Note 1:   This Subdivision does not apply if Subdivision   83A - C applies: see section   83A - 105.

Note 2:   If an associate of yours acquires an interest in relation to your employment, this Division applies as if you, rather than your associate, acquired the interest: see section   83A - 305.

  (2)   However, this Subdivision does not apply if the * ESS interest is a beneficial interest in a * share that you acquire as a result of exercising a right, if you acquired a beneficial interest in the right under an * employee share scheme.