INCOME TAX ASSESSMENT REGULATIONS 1997

PART 2 - LIABILITY RULES OF GENERAL APPLICATION  

Division 83A - Employee share schemes  

REGULATION 83A-315.08   TABLE 1 AND INSTRUCTIONS  

83A-315.08(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%

83A-315.08(2)  
From Table 1, select the percentage (the Table 1 percentage ) that corresponds to:


(a) the period, in months, from the particular day until the last day on which the right may be exercised (the exercise period ); and


(b) the calculation percentage;

and then multiply the amount, or lowest amount, that must be paid to exercise the right by the Table 1 percentage. The result is the value of the right .

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%.
  • 83A-315.08(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.




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