Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-40
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RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
Division 83A
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Employee share schemes
Subdivision 83A-B
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Immediate inclusion of discount in assessable income
Operative provisions
SECTION 83A-20 Application of Subdivision 83A-20(1)
This Subdivision applies to an *ESS interest if you acquire the interest under an *employee share scheme at a discount.
83A-20(2)
However, this Subdivision does not apply if the *ESS interest is a beneficial interest in a *share that you acquire as a result of exercising a right, if you acquired a beneficial interest in the right under an *employee share scheme.
View history note
Hide history noteSECTION 83A-20 Application of Subdivision 83A-20(1)
This Subdivision applies to an *ESS interest if you acquire the interest under an *employee share scheme at a discount.
Note 1:
This Subdivision does not apply if Subdivision 83A-C applies: see section 83A-105 .
Note 2:
If an associate of yours acquires an interest in relation to your employment, this Division applies as if you, rather than your associate, acquired the interest: see section 83A-305 .
83A-20(2)
However, this Subdivision does not apply if the *ESS interest is a beneficial interest in a *share that you acquire as a result of exercising a right, if you acquired a beneficial interest in the right under an *employee share scheme.
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