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  

Division 83A - Employee share schemes  

Subdivision 83A-A - Objects of Division and key concepts  

SECTION 83A-10   Meaning of ESS interest and employee share scheme  

83A-10(1)  
An ESS interest , in a company, is a beneficial interest in:


(a) a *share in the company; or


(b) a right to acquire a beneficial interest in a share in the company.

83A-10(2)  
An employee share scheme is a *scheme under which *ESS interests in a company are provided to employees, or *associates of employees, (including past or prospective employees) of:


(a) the company; or


(b) *subsidiaries of the company;

in relation to the employees ' employment.

Note:

See section 83A-325 for relationships similar to employment.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.