Income Tax Assessment Amendment (Employee Share Schemes) Regulation 2015
(63 of 2015)
1 May 2015
Income Tax Assessment Act 1997
1 Name
This is theIncome Tax Assessment Amendment (Employee Share Schemes) Regulation 2015.
2 Commencement
This instrument commences on 1 July 2015.
3 Authority
This instrument is made under theIncome Tax Assessment Act 1997.
4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1 Amendments
Income Tax Assessment Regulations 1997
1 Subregulation 83A-315.01(1)
Omit "10 years", substitute "15 years".
2 Subregulation 83A-315.08(1)
Repeal the subregulation, substitute:
(1) The following table sets out the Table 1 percentages for calculation percentages of 50% or more and less than 110%.
|
Table 1 - Table 1 percentages |
|||||||
|---|---|---|---|---|---|---|---|
|
Calculation percentage 50% to 92.5% |
|||||||
|
Exercise period (months) |
Calculation percentage (%) |
||||||
|
50 to 60 |
60 to 70 |
70 to 75 |
75 to 80 |
80 to 85 |
85 to 90 |
90 to 92.5 |
|
|
168 to 180 |
0.5% |
1.3% |
2.6% |
3.5% |
4.6% |
5.8% |
7.1% |
|
156 to 168 |
0.4% |
1.2% |
2.5% |
3.4% |
4.4% |
5.7% |
7.1% |
|
144 to 156 |
0.4% |
1.0% |
2.3% |
3.2% |
4.3% |
5.5% |
7.0% |
|
132 to 144 |
0.3% |
0.9% |
2.2% |
3.0% |
4.1% |
5.4% |
6.8% |
|
120 to 132 |
0.2% |
0.8% |
2.0% |
2.8% |
3.9% |
5.2% |
6.6% |
|
108 to 120 |
0.2% |
0.7% |
1.8% |
2.6% |
3.7% |
4.9% |
6.4% |
|
96 to 108 |
0.1% |
0.6% |
1.6% |
2.4% |
3.4% |
4.6% |
6.1% |
|
84 to 96 |
0.1% |
0.4% |
1.3% |
2.1% |
3.0% |
4.3% |
5.8% |
|
72 to 84 |
0.1% |
0.3% |
1.1% |
1.7% |
2.7% |
3.9% |
5.4% |
|
60 to 72 |
0.0% |
0.2% |
0.8% |
1.4% |
2.2% |
3.4% |
4.9% |
|
48 to 60 |
0.0% |
0.1% |
0.5% |
1.0% |
1.7% |
2.8% |
4.2% |
|
36 to 48 |
0.0% |
0.0% |
0.3% |
0.6% |
1.2% |
2.1% |
3.4% |
|
24 to 36 |
0.0% |
0.0% |
0.1% |
0.3% |
0.6% |
1.3% |
2.4% |
|
18 to 24 |
0.0% |
0.0% |
0.0% |
0.1% |
0.3% |
0.9% |
1.8% |
|
12 to 18 |
0.0% |
0.0% |
0.0% |
0.0% |
0.1% |
0.4% |
1.1% |
|
9 to 12 |
0.0% |
0.0% |
0.0% |
0.0% |
0.1% |
0.2% |
0.8% |
|
6 to 9 |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.1% |
0.4% |
|
3 to 6 |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.1% |
|
0 to 3 |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
|
Calculation percentage 92.5% to less than 110% |
|||||||
|---|---|---|---|---|---|---|---|
|
Exercise period (months) |
Calculation percentage (%) |
||||||
|
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 110 |
|
|
168 to 180 |
7.9% |
8.6% |
9.4% |
10.3% |
11.2% |
12.2% |
13.3% |
|
156 to 168 |
7.8% |
8.6% |
9.4% |
10.3% |
11.2% |
12.2% |
13.3% |
|
144 to 156 |
7.7% |
8.5% |
9.4% |
10.3% |
11.2% |
12.2% |
13.3% |
|
132 to 144 |
7.6% |
8.4% |
9.3% |
10.2% |
11.2% |
12.2% |
13.3% |
|
120 to 132 |
7.5% |
8.3% |
9.2% |
10.2% |
11.2% |
12.2% |
13.3% |
|
108 to 120 |
7.2% |
8.1% |
9.1% |
10.0% |
11.1% |
12.1% |
13.3% |
|
96 to 108 |
7.0% |
7.9% |
8.8% |
9.8% |
10.9% |
12.0% |
13.2% |
|
84 to 96 |
6.6% |
7.6% |
8.5% |
9.6% |
10.7% |
11.8% |
13.0% |
|
72 to 84 |
6.2% |
7.2% |
8.2% |
9.2% |
10.4% |
11.6% |
12.8% |
|
60 to 72 |
5.7% |
6.7% |
7.7% |
8.8% |
9.9% |
11.2% |
12.5% |
|
48 to 60 |
5.1% |
6.0% |
7.0% |
8.2% |
9.4% |
10.7% |
12.1% |
|
36 to 48 |
4.2% |
5.2% |
6.2% |
7.4% |
8.6% |
10.0% |
11.4% |
|
24 to 36 |
3.2% |
4.1% |
5.1% |
6.3% |
7.6% |
9.0% |
10.5% |
|
18 to 24 |
2.5% |
3.4% |
4.4% |
5.5% |
6.8% |
8.3% |
9.9% |
|
12 to 18 |
1.7% |
2.5% |
3.4% |
4.6% |
6.0% |
7.5% |
9.2% |
|
9 to 12 |
1.3% |
2.0% |
2.9% |
4.0% |
5.4% |
7.0% |
8.8% |
|
6 to 9 |
0.8% |
1.4% |
2.2% |
3.3% |
4.7% |
6.4% |
8.3% |
|
3 to 6 |
0.3% |
0.6% |
1.3% |
2.4% |
3.8% |
5.7% |
7.8% |
|
0 to 3 |
0.0% |
0.1% |
0.5% |
1.4% |
3.0% |
5.1% |
7.5% |
3 At the end of subregulation 83A-315.08(2)
Add:
Note: The following assumptions were used to work out the Table 1 percentages:
(a) a risk-free interest rate of 4%;
(b) a dividend yield of 4%;
(c) volatility of 12%.
4 At the end of regulation 83A-315.08
Add:
(3) If, in relation to a particular right:
(a) the exercise period; or
(b) the calculation percentage;
is the top of one range in Table 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.
5 Subregulation 83A-315.09(1)
Repeal the subregulation, substitute:
(1) The following table sets out the base percentages for calculation percentages of 110% or more.
|
Table 2 - Base percentages |
||
|---|---|---|
|
Exercise period (months) |
Column 1 |
Column 2 |
|
168 to 180 |
13.3% |
0.5% |
|
156 to 168 |
13.3% |
0.5% |
|
144 to 156 |
13.3% |
0.5% |
|
132 to 144 |
13.3% |
0.6% |
|
120 to 132 |
13.3% |
0.6% |
|
108 to 120 |
13.3% |
0.6% |
|
96 to 108 |
13.2% |
0.6% |
|
84 to 96 |
13.0% |
0.6% |
|
72 to 84 |
12.8% |
0.7% |
|
60 to 72 |
12.5% |
0.7% |
|
48 to 60 |
12.1% |
0.7% |
|
36 to 48 |
11.4% |
0.8% |
|
24 to 36 |
10.5% |
0.8% |
|
18 to 24 |
9.9% |
0.8% |
|
12 to 18 |
9.2% |
0.9% |
|
9 to 12 |
8.8% |
0.9% |
|
6 to 9 |
8.3% |
0.9% |
|
3 to 6 |
7.8% |
0.9% |
|
0 to 3 |
7.5% |
1.0% |
6 At the end of subregulation 83A-315.09(2)
Add:
Note: The following assumptions were used to work out the base percentages:
(a) a risk-free interest rate of 4%;
(b) a dividend yield of 4%;
(c) volatility of 12%.
7 Subregulation 83A-315.09(6)
Repeal the subregulation, substitute:
(6) If the exercise period is the top of one range in Table 2 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.