Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 139FE

Value of right nil or can not be determined

             (1)  If the lowest amount that must be paid to exercise a right to acquire a share is nil or can not be determined, the market value of the right on a particular day is the same as the market value of the share on that day.

             (2)  In calculating, for the purpose of subsection (1), the market value of the share that may be acquired by exercising the right, subsection 139FAA(1) applies as if the share were acquired on the particular day.



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