Income tax: employee share acquisition schemes: can a resident taxpayer participating in a foreign employee share acquisition scheme take advantage of a reduction in discount under subsection 26AAC(4F) of the Income Tax Assessment Act 1936?

TD 93/60 concluded that Australian employees who receive shares under an employee share scheme of a foreign company are subject to now former section 26AAC of the Income Tax Assessment Act 1936 .

Employee share schemes are now governed by Division 83A of the Income Tax Assessment Act 1997 .

TD 93/60 has no ongoing relevance and is withdrawn without replacement.