Document ID: chunk:federal_register_of_legislation:C2010C00300:clause:3_1
Version: federal_register_of_legislation:C2010C00300
Segment Type: clause
Provision Reference: sch 3 cl 1
Character Range: 14384–14981

1                    Option binds grantor to:                                         For the grantee
                     (a) *dispose of a *CGT asset; or                                 The first element of the grantee's *cost base and *reduced cost base for the CGT asset is what the grantee paid for the option (or to renew or extend it) plus any amount the grantee paid to exercise it
                     (b) create (including grant or issue) a CGT asset (call option)  For the grantor
                                                                                      See section 116‑65