Ann: Application for quotation of securities - PAA, page-8

Are you sure that applies to PAAO [ Tradable] or just to shares that are given in lieu of income and are therefore treated as income/salary ?

In Australia, the Capital Gains Tax (CGT) discount applies to assets that are held for more than 12 months. However, the specific treatment of options can vary depending on their nature and the circumstances under which they are held.For traditional options (like call and put options), the CGT treatment generally follows the same rules as other capital gains assets. If you hold an option for more than 12 months before exercising it or selling it, you may be eligible for the 50% CGT discount for individuals (or 33.33% for superannuation funds). This applies to the capital gain made upon the exercise of the option or the sale of the option itself.However, if the option is part of an employee share scheme or similar, different rules may apply. It's important to check the specifics related to your situation.As tax laws can be complex and subject to change, it's advisable to consult with a tax professional or the Australian Taxation Office (ATO) directly for the most accurate and personalized advice.