Income Tax Assessment Act 1936
View history note
Hide history noteDiv 14 repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years.
Div 14 inserted by No 208 of 1992.
Former Div 14 (s 137-140) repealed by No 126 of 1977.
Subdiv H repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years.
(Repealed by No 15 of 2007)
S 140ZJ repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years. S 14ZJ formerly read:
If an ETP in relation to a person, being an employee, is paid by the employer of the employee, the RBL amount of the ETP is:
SECTION 140ZJ RBL AMOUNT
-
ETP PAID BY EMPLOYER
140ZJ(1)
RBL amount.
(a)
if the employee is an associate of the employer
-
the sum of:
(i)
100% of the retained amount of the pre-July 83 component of the ETP; and
(ii)
85% of the retained amount of the post-June 83 component of the ETP; and
(iii)
100% of the retained amount of the CGT exempt component of the ETP; or
(b)
in any other case
-
the sum of 100% of the retained amount of the CGT exempt component of the ETP and 85% of that part of the retained amount of the post-June 83 component of the ETP worked out using the following table:
Financial year in which
ETP is made
Percentage of retained
amount of the
post-June 83 component
to be considered
1990
-
91
20%
1991
-
92
40%
1992
-
93
60%
1993
-
94
80%
1994
-
95 and later years
100%
S 140ZJ(1) amended by No 147 of 1997.
140ZJ(2) Extended meaning of " employee " .
In this section:
employee
includes:
(a) in relation to a body corporate - a director or other officer (however described) of the body corporate; and
(b) in any case - a person engaged under a contract for services;
and employer has a corresponding meaning.
S 140ZJ inserted by No 208 of 1992.