Tax Laws Amendment (Budget Measures) Act 2008 (59 of 2008)
Schedule 1 Fringe benefits tax and employee share schemes
Part 2 Employee share schemes
Income Tax Assessment Act 1936
12 Subsection 139E(4)
Repeal the subsection, substitute:
(4) An election under subsection (3) must be made in the taxpayer’s return of income for the employment year.
(5) The Commissioner may, after receiving a request made by the taxpayer in the approved form, allow the election to be made at a later time.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
