Income Tax Assessment Regulations 1997 (Repealed)

PART 2 - LIABILITY RULES OF GENERAL APPLICATION

Division 83A - Employee share schemes

REGULATION 83A-315.09 TABLE 2 AND INSTRUCTIONS

83A-315.09(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%

View history note

History

Reg 83A-315.09(1) substituted by SLI No 63 of 2015, reg 4 and Sch 1 item 5, effective 1 July 2015. Reg 83A-315.09(1) formerly read:

83A-315.09(1)
The following is Table 2:

Exercise period (months) Column 1 Column 2

108 to 120 24.7% 0.6%

96 to 108 23.9% 0.6%

84 to 96 22.9% 0.7%

72 to 84 21.7% 0.7%

60 to 72 20.3% 0.7%

48 to 60 18.6% 0.7%

36 to 48 16.5% 0.8%

24 to 36 14.1% 0.8%

18 to 24 12.7% 0.8%

12 to 18 11.2% 0.9%

9 to 12 10.3% 0.9%

6 to 9 9.4% 0.9%

3 to 6 8.4% 0.9%

0 to 3 7.8% 1.0%

83A-315.09(2)
From column 1 of Table 2, select the percentage that corresponds to the period, in months, from the particular day until the last day on which the right may be exercised (the exercise period ). This percentage is called the base percentage .

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%;

View history note

83A-315.09(3)
From column 2 of Table 2, select the percentage that corresponds to the exercise period. This percentage is called the additional percentage .

83A-315.09(4)
Work out the result of the following formula. Disregard any fraction. The result is called the excess .

100

[ Calculation percentage − 110%]

83A-315.09(5)
The value of the right is the amount worked out using the following formula:

Amount or lowest amount that must be paid to exercise the right

[ Base percentage + (Excess × Additional percentage)]

83A-315.09(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.

View history note

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