Pt 3-1 inserted by No 46 of 1998.
Div 116 inserted by No 46 of 1998.
S 116-70 substituted by
No 58 of 2006
, s 3 and Sch 3 item 2, applicable in relation to options exercised on or after 27 May 2005. S 116-70 formerly read:
SECTION 116-70 Option requiring both acquisition and disposal
If an option you granted requires you both to *acquire and *dispose of a *CGT asset, the option is treated as 2 separate options and half of the *capital proceeds from the grant is attributed to each option.
S 116-70 inserted by No 46 of 1998.