Document ID: chunk:federal_register_of_legislation:C2004A00749:clause:6_30
Version: federal_register_of_legislation:C2004A00749
Segment Type: clause
Provision Reference: sch 6 cl 30
Character Range: 68060–68779

30  After section 84‑13
Insert:

84‑14  Supplies relating to employee share ownership schemes

  This Division does not apply to a supply, to the extent that it is a supply relating to an *employee share scheme, if:
 (a) the *recipient of the supply is not an entity that has acquired, or may in the future acquire, a share or right under the scheme; and
 (b) Division 13A of Part III of the *ITAA 1936 applies to discounts (within the meaning of that Division) given in relation to any acquisitions of shares or rights under the scheme; and
 (c) either:
 (i) the *recipient of the supply is a *100% subsidiary of the supplier; or
 (ii) the supply is a transfer that is taken to be a supply because of section 84‑15.