Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.30

Amount for which discounted ESS interest acquired

  (1)   For the purposes of this Act (other than this Division), the * ESS interest (and the * share or right of which it forms part) is taken to have been acquired for its * market value (rather than for its discounted value).

Note:   Regulations made for the purposes of section   83A - 315 may substitute a different amount for the market value of the ESS interest.

  (2)   Subsection   (1) does not apply to an * ESS interest that is a beneficial interest in a right (or to the right of which it forms part), if section   83A - 33 (about start ups) reduces the amount to be included in your assessable income in relation to the interest.


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