Income Tax Assessment Act 1997

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

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.

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

S 83A-100 amended by No 8 of 2022, s 3 and Sch 10 item 1, by substituting " If 15 years pass " for " If you cease employment earlier, or if 15 years pass " , effective 1 April 2022 and applicable in relation to each ESS interest for which the ESS deferred taxing point occurs on or after: (a) unless paragraph (b) applies - the first 1 July to occur after the day on which this Act receives the Royal Assent; or (b) if this Act receives the Royal Assent on a 1 July - that 1 July.

S 83A-100 amended by No 105 of 2015, s 3 and Sch 1 items 12 and 13, by substituting " 15 years " for " 7 years " and substituting the second para, applicable in relation to ESS interests acquired on or after 1 July 2015. The second para formerly read:

A share or stapled security you acquire under salary sacrifice arrangements can also be subject to this deferred taxing point if you get no more than $5,000 worth of shares under those arrangements.

S 83A-100 inserted by No 133 of 2009, s 3 and Sch 1 item 1, effective 14 December 2009.