Document ID: chunk:federal_register_of_legislation:C2014C00751:clause:1_58
Version: federal_register_of_legislation:C2014C00751
Segment Type: clause
Provision Reference: sch 1 cl 58
Character Range: 74671–75317

58  Subsections 719‑30(3), (4) and (5)
Repeal the subsections, substitute:
 (3) A *share or *membership interest in a company is covered by this subsection if:
 (a) the entity who holds the beneficial interest in the share or membership interest acquired that beneficial interest:
 (i) under an *employee share scheme; or
 (ii) by exercising a right, a beneficial interest in which was acquired under an employee share scheme; and
 (b) paragraphs 83A‑105(1)(a) and (b) and subsection 83A‑105(2) apply to the beneficial interest acquired under the scheme; and
 (c) in the case of a membership interest—the interest is part of a stapled security.