INCOME TAX ASSESSMENT ACT 1997 - SECT 197.25 Exclusion for transfers from option premium reserves

INCOME TAX ASSESSMENT ACT 1997 - SECT 197.25

    This Division does not apply to the transferred amount if:

  (a)   it is transferred from an option premium reserve of the company; and

  (b)   the transfer is because of the exercise of options to acquire * shares in the company; and

  (c)   premiums in respect of those options were credited to the option premium reserve.