Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 84.14

    This Subdivision 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, an ESS interest (within the meaning of the * ITAA 1997) under the scheme; and

  (b)   Subdivision   83A - B or 83A - C of the ITAA 1997 applies to any ESS interest (within the meaning of that Act) acquired 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.