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-B - Immediate inclusion of discount in assessable income  

Operative provisions

SECTION 83A-20   Application of Subdivision  

83A-20(1)  
This Subdivision applies to an *ESS interest if you acquire the interest under an *employee share scheme at a discount.

Note 1:

This Subdivision does not apply if Subdivision 83A-C applies: see section 83A-105 .

Note 2:

If an associate of yours acquires an interest in relation to your employment, this Division applies as if you, rather than your associate, acquired the interest: see section 83A-305 .

83A-20(2)  
However, this Subdivision does not apply if the *ESS interest is a beneficial interest in a *share that you acquire as a result of exercising a right, if you acquired a beneficial interest in the right under an *employee share scheme.


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