Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.340

  (1)   This section applies if:

  (a)   you acquire a beneficial interest in a right; and

  (b)   the right later becomes a right to acquire a beneficial interest in a * share.

Example 1:   You acquire a right to acquire, at a future time:

(a)   shares with a specified total value, rather than a specified number of shares; or

(b)   an indeterminate number of shares.

Example 2:   You acquire a right under which the provider must provide you with either ESS interests or cash, whichever the provider chooses.

  (2)   This Division applies as if the right had always been a right to acquire the beneficial interest in the * share.