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-E - Miscellaneous  

SECTION 83A-315   Market value of ESS interest  

83A-315(1)  


Whenever this Division (other than section 83A-20 ) uses the *market value of an *ESS interest, instead use the amount specified in the regulations for the purposes of this section in relation to the interest, if the regulations specify such an amount.

83A-315(2)  
To avoid doubt, apply the rule in subsection (1) to the *market value component of any calculation for the purposes of this Division that involves market value.

Example:

If the regulations specify an amount in relation to an ESS interest, use that amount instead of the market value of the interest in working out:

  • (a) whether there is a discount given in relation to interest; and
  • (b) if so - the amount of the discount.

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