Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 139DB

                   If, at a particular time, a person (the provider ) provides another person with money or other property:

                     (a)  under an arrangement; and

                     (b)  for the purpose of enabling another person (the ultimate beneficiary ) to acquire, directly or indirectly, a share or right, under an employee share scheme;

then, for the purpose of determining when any deduction is allowable to the provider in respect of provision of the money or other property, the provider is taken to have provided it not before the time when the ultimate beneficiary acquires the share or right.

Note:          The amount included in assessable income for the acquisition of an interest in a share is the same as for the acquisition of the share--see Subdivision F and section 139G.