Ann: Change of Director's Interest Notice, page-14

I'm sure options share isn't eligible for the 50% CGT rebate otherwise they can be held for at least a year without the risk of having to exercise them and having a 50% CGT rebate making these even more attractive for investors. It's only once exercised at the current pps then this is the purchase price and then these shares can be claim for the 50% CGT refund at this purchase price when held for more than 1 year. So that entire $832K profit is taxed as taxable income and he has to pay tax for them or use them to write off any other expenses he has.