S 140ZJ repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years. S 14ZJ formerly read:
SECTION 140ZJ RBL AMOUNT
-
ETP PAID BY EMPLOYER
140ZJ(1)
RBL amount.
If an ETP in relation to a person, being an employee, is paid by the employer of the employee, the RBL amount of the ETP is:
(a)
if the employee is an associate of the employer
-
the sum of:
(i)
100% of the retained amount of the pre-July 83 component of the ETP; and
(ii)
85% of the retained amount of the post-June 83 component of the ETP; and
(iii)
100% of the retained amount of the CGT exempt component of the ETP; or
(b)
in any other case
-
the sum of 100% of the retained amount of the CGT exempt component of the ETP and 85% of that part of the retained amount of the post-June 83 component of the ETP worked out using the following table:
Financial year in which
ETP is made
|
Percentage of retained
amount of the
post-June 83 component
to be considered
|
| 1990
-
91 |
20% |
| 1991
-
92 |
40% |
| 1992
-
93 |
60% |
| 1993
-
94 |
80% |
| 1994
-
95 and later years |
100% |
History
S 140ZJ(1) amended by No 147 of 1997.
140ZJ(2)
Extended meaning of
"
employee
"
.
In this section:
employee
includes:
(a)
in relation to a body corporate
-
a director or other officer (however described) of the body corporate; and
(b)
in any case
-
a person engaged under a contract for services;
and
employer
has a corresponding meaning.
S 140ZJ inserted by No 208 of 1992.
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