Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS  

Division 83A - Employee share schemes  

Subdivision 83A-E - Miscellaneous  

SECTION 83A-315.08   CALCULATION PERCENTAGES OF 50% OR MORE, AND LESS THAN 110%  

83A-315.08(1)    
To work out the value of the right under this section, select the percentage (the calculation percentage ) from an item in the following tables that corresponds to:

(a)    the period, in months, from the particular day (referred to in section 83A-315.02) until the last day on which the right may be exercised (the exercise period ); and

(b)    the calculation percentage;

and then multiply the amount, or lowest amount, that must be paid to exercise the right by the calculation percentage. The result is the value of the right.

Note:

The following assumptions were used to work out the calculation percentages:

(a) a risk-free interest rate of 4%;

(b) a dividend yield of 4%;

(c) volatility of 12%.

Calculation percentages 50 to 92.5
Item	Exercise period (months)	Calculation percentages
		50 to 60	60 to 70	70 to 75	75 to 80	80 to 85	85 to 90	90 to 92.5
1	168 to 180	0.5%	1.3%	2.6%	3.5%	4.6%	5.8%	7.1%
2	156 to 168	0.4%	1.2%	2.5%	3.4%	4.4%	5.7%	7.1%
3	144 to 156	0.4%	1.0%	2.3%	3.2%	4.3%	5.5%	7.0%
4	132 to 144	0.3%	0.9%	2.2%	3.0%	4.1%	5.4%	6.8%
5	120 to 132	0.2%	0.8%	2.0%	2.8%	3.9%	5.2%	6.6%
6	108 to 120	0.2%	0.7%	1.8%	2.6%	3.7%	4.9%	6.4%
7	96 to 108	0.1%	0.6%	1.6%	2.4%	3.4%	4.6%	6.1%
8	84 to 96	0.1%	0.4%	1.3%	2.1%	3.0%	4.3%	5.8%
9	72 to 84	0.1%	0.3%	1.1%	1.7%	2.7%	3.9%	5.4%
10	60 to 72	0.0%	0.2%	0.8%	1.4%	2.2%	3.4%	4.9%
11	48 to 60	0.0%	0.1%	0.5%	1.0%	1.7%	2.8%	4.2%
12	36 to 48	0.0%	0.0%	0.3%	0.6%	1.2%	2.1%	3.4%
13	24 to 36	0.0%	0.0%	0.1%	0.3%	0.6%	1.3%	2.4%
14	18 to 24	0.0%	0.0%	0.0%	0.1%	0.3%	0.9%	1.8%
15	12 to 18	0.0%	0.0%	0.0%	0.0%	0.1%	0.4%	1.1%
16	9 to 12	0.0%	0.0%	0.0%	0.0%	0.1%	0.2%	0.8%
17	6 to 9	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.4%
18	3 to 6	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%
19	0 to 3	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Calculation percentages 92.5 to less than to 110
Item	Exercise period (months)	Calculation percentages
		92.5 to 95	95 to 97.5	97.5 to 100	100 to 102.5	102.5 to 105	105 to 107.5	107.5 to less than to 110
20	168 to 180	7.9%	8.6%	9.4%	10.3%	11.2%	12.2%	13.3%
21	156 to 168	7.8%	8.6%	9.4%	10.3%	11.2%	12.2%	13.3%
22	144 to 156	7.7%	8.5%	9.4%	10.3%	11.2%	12.2%	13.3%
23	132 to 144	7.6%	8.4%	9.3%	10.2%	11.2%	12.2%	13.3%
24	120 to 132	7.5%	8.3%	9.2%	10.2%	11.2%	12.2%	13.3%
25	108 to 120	7.2%	8.1%	9.1%	10.0%	11.1%	12.1%	13.3%
26	96 to 108	7.0%	7.9%	8.8%	9.8%	10.9%	12.0%	13.2%
27	84 to 96	6.6%	7.6%	8.5%	9.6%	10.7%	11.8%	13.0%
28	72 to 84	6.2%	7.2%	8.2%	9.2%	10.4%	11.6%	12.8%
29	60 to 72	5.7%	6.7%	7.7%	8.8%	9.9%	11.2%	12.5%
30	48 to 60	5.1%	6.0%	7.0%	8.2%	9.4%	10.7%	12.1%
31	36 to 48	4.2%	5.2%	6.2%	7.4%	8.6%	10.0%	11.4%
32	24 to 36	3.2%	4.1%	5.1%	6.3%	7.6%	9.0%	10.5%
33	18 to 24	2.5%	3.4%	4.4%	5.5%	6.8%	8.3%	9.9%
34	12 to 18	1.7%	2.5%	3.4%	4.6%	6.0%	7.5%	9.2%
35	9 to 12	1.3%	2.0%	2.9%	4.0%	5.4%	7.0%	8.8%
36	6 to 9	0.8%	1.4%	2.2%	3.3%	4.7%	6.4%	8.3%
37	3 to 6	0.3%	0.6%	1.3%	2.4%	3.8%	5.7%	7.8%
38	0 to 3	0.0%	0.1%	0.5%	1.4%	3.0%	5.1%	7.5%

83A-315.08(2)    
If, in relation to a particular right:

(a)    the exercise period; or

(b)    the calculation percentage;

is the top of one range in the table in subsection (1) and is also the bottom of another range in the table, it is taken to be in the lower range and not in the higher range.