The ATO on Wed 12.6.2013, released Product Ruling PR 2013/13 (Consequences for a Seller and Buyer under a White Popi Option Agreement). It applies to entities that enter into the scheme between Wed 12.6.2013 and 30 June 2016. Generally, the Ruling sets out the CGT consequences for the seller and the buyer of the product being an option agreement.
[FJM Note: this seems to be the traditional CGT treatment for options with a D2 event for the grantor of the option/seller merging into consideration for an A1 event on exercise of the option by the buyer.]
[LTN 111, 12/6/13]