Document ID: chunk:federal_register_of_legislation:C2009C00178:clause:1_14
Version: federal_register_of_legislation:C2009C00178
Segment Type: clause
Provision Reference: sch 1 cl 14
Character Range: 6421–7376

14  Subsection 130‑90(3)
Repeal the subsection, substitute:

 (3) One of the following paragraphs must apply:
 (a) the individual, *associate or affiliate company must have acquired the *share or right:
 (i) under an *employee share scheme; or
 (ii) alternatively in the case of a share—as a result of exercising a right acquired under an employee share scheme;
 (b) the share or right must, because of section 139DQ of the Income Tax Assessment Act 1936, be a share or right that is treated, for the purposes of Division 13A of Part III of that Act, as if it were a continuation of a share or right acquired under an employee share scheme;
 (c) if the share was acquired as a result of exercising a right, the right must, because of section 139DQ of the Income Tax Assessment Act 1936, be a right that is treated, for the purposes of Division 13A of Part III of that Act, as if it were a continuation of a right acquired under an employee share scheme.