Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if a taxpayer has made an election under section 139E for a year of income and the exemption conditions (see section 139CE) are satisfied in relation to shares or rights covered by the election. It applies to the total amount otherwise included in a taxpayer's assessable income for the year of income under section 139B in respect of those shares or rights.
(2) The total amount is only included in the assessable income to the extent that it is greater than $1,000.