Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5:p19
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5 (pt 19/32)
Character Range: 1428850–1431551

the company or units in the unit trust (the original interests);
 (b) the rights must be issued to you because of your ownership of the original interests;
 (c) the original interests and the rights must not be *revenue assets or *trading stock at the issue time;
 (d) if you acquired a beneficial interest in the rights under an *employee share scheme—neither Subdivision 83A‑B nor 83A‑C (about employee share schemes) applies to the beneficial interest;
 (e) the original interests and the rights must not be *traditional securities;
 (f) the original interests must not be *convertible interests.

59‑50  Native title benefits
 (1) To the extent that a *native title benefit would otherwise be included in your assessable income, it is not assessable income and is not *exempt income if you are an *Indigenous person or an *Indigenous holding entity.
 (2) To the extent that an amount, or other benefit, arising directly or indirectly from a *native title benefit would otherwise be included in your assessable income, it is not assessable income and is not *exempt income if you are an *Indigenous person or an *Indigenous holding entity.
 (3) Neither subsection (1) nor (2) applies to an amount, or benefit, to the extent that it:
 (a) is for the purposes of meeting the provider's administrative costs; or
 (b) is remuneration or consideration for the provision of goods or services.
 (4) Subsection (2) does not apply to an amount, or benefit, to the extent that it arises directly or indirectly:
 (a) from so much of:
 (i) the *native title benefit; or
 (ii) an amount, or benefit, arising directly or indirectly from the native title benefit;
  as is not *non‑assessable non‑exempt income of an entity because of this section; or
 (b) from an entity investing any or all of:
 (i) the native title benefit; or
 (ii) an amount, or benefit, arising directly or indirectly from the native title benefit.
 (5) A native title benefit is an amount, or *non‑cash benefit, that:
 (a) arises under:
 (i) an agreement made under an Act of the Commonwealth, a State or a Territory, or under an instrument made under such an Act; or
 (ii) an ancillary agreement to such an agreement;
  to the extent that the amount or benefit relates to an act that would extinguish *native title or that would otherwise be wholly or partly inconsistent with the continued existence, enjoyment or exercise of native title; or
 (b) is compensation determined in accordance with Division 5 of Part 2 of the Native Title Act 1993.
Note 1: Agreements that can be covered by paragraph (a) include:
(a) indigenous land use agreements (within the meaning of the Native Title Act 1993); and
(b) an agreement of the kind mentioned