Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

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

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History

Part 2-40 inserted by No 9 of 2007 , s 3 and Sch 2 item 1, applicable on and after 1 July 2007.

Division 83A - Employee share schemes  

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Div 83A inserted by No 133 of 2009, s 3 and Sch 1 item 1, effective 14 December 2009. No 133 of 2009, s 3 and Sch 1 item 87 contains the following transitional provision:

87 Transitional - regulations  
87
Despite subsection 12(2) of the Legislative Instruments Act 2003 , regulations that:

(a) are made for the purposes of Division 83A of the Income Tax Assessment Act 1997 ; or

(b) are made for the purposes of a taxation law (within the meaning of that Act) and relate to the amendments made;

may take effect from any time on or after 1 July 2009, if the regulations are made before the end of the period of 3 months commencing on 14 December 2009.

Subdivision 83A-D - Deduction for employer  

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Subdiv 83A-D inserted by No 133 of 2009, s 3 and Sch 1 item 1, effective 14 December 2009.

Guide to Subdivision 83A-D

SECTION 83A-200   What this Subdivision is about  

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You can deduct an amount for shares, rights or stapled securities you provide to your employees under an employee share scheme if they are eligible for a reduction in their assessable income under section 83A-35 . The amount you can deduct is equal to that reduction.

You must defer any deduction you are entitled to for amounts you provide to finance your employees acquiring interests in shares, rights or stapled securities under an employee share scheme until the employees have actually acquired those interests.

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S 83A-200 inserted by No 133 of 2009, s 3 and Sch 1 item 1, effective 14 December 2009.

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S 83A-200 inserted by No 133 of 2009.

TABLE OF SECTIONS

TABLE OF SECTIONS

Operative provisions
83A-205	Deduction for employer
83A-210	Timing of general deductions

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