‘The acquisition’, in relation to employment-related securities or employment-related securities options, means the acquisition of the employment-related securities or options pursuant to the right or opportunity available by reason of the employment – ITEPA03/S421B (8) and ITEPA03/S471 (5).

Subsection 2(a) of ITEPA03/S421B defines the time of acquisition of a security, for the purposes of Chapters 2 to 4A, as:

‘the time when the person acquiring the securities or interest becomes beneficially entitled to those securities or that interest (and not, if different, the time when the securities are, or interest is, conveyed or transferred).’

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