Section 418 — Income Tax Assessment Act 1936: Options

(1) For the purposes of applying this Act in calculating the attributable income of the eligible CFC, the following provisions have effect. (2) Subsection 104-30(5) of the Income Tax Assessment Act 1997 applies to an option granted by the eligible CFC as if the reference in that subsection to 20 September 1985 were a reference to the day after the eligible CFC’s commencing day. (3) Section 134-1 of the Income Tax (Transitional Provisions) Act 1997 does not apply to an option granted to the eligible CFC.