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Edited version of private advice
Authorisation Number: 1052057622421
Date of advice: 11 November 2022
Ruling
Subject: Employee share scheme
In this ruling, the Commissioner ruled on the income tax and fringe benefits tax consequences of shares transferred to employees and the payment of taxes to the Commissioner.
This ruling applies for the following periods:
Income tax year ended 30 June 20XX
Fringe benefits tax year ended 31 March 20XX
The scheme commences on:
20XX
Relevant legislative provisions
Income Tax Assessment Act 1936 subsection 23L(1)
Income Tax Assessment Act 1936 Part IVA
Income Tax Assessment Act 1997 Division 6
Income Tax Assessment Act 1997 section 6-5
Income Tax Assessment Act 1997 section 6-10
Income Tax Assessment Act 1997 section 6-15
Income Tax Assessment Act 1997 section 8-1
Income Tax Assessment Act 1997 section 10-5
Income Tax Assessment Act 1997 Subdivision 20-A
Income Tax Assessment Act 1997 section 20-20
Income Tax Assessment Act 1997 section 20-25
Income Tax Assessment Act 1997 section 20-30
Income Tax Assessment Act 1997 section 20-35
Income Tax Assessment Act 1997 section 83A-10
Income Tax Assessment Act 1997 Subdivision 83A-B
Income Tax Assessment Act 1997 section 83A-20
Income Tax Assessment Act 1997 subsection 83A-25(1)
Income Tax Assessment Act 1997section 83A-33
Income Tax Assessment Act 1997 section 83A-35
Income Tax Assessment Act 1997 section 83A-45
Income Tax Assessment Act 1997 Subdivision 83A-C
Income Tax Assessment Act 1997 section 83A-105
Income Tax Assessment Act 1997 subsection 995-1(1)
Fringe Benefits Tax Assessment Act 1986 section 66
Fringe Benefits Tax Assessment Act 1986 subsection 136(1)
Taxation Administration Act 1953 subsection 3AA(2)
Taxation Administration Act 1953 Schedule 1 Part 2-5
Taxation Administration Act 1953 Schedule 1 subsection 12-1(1A)
Taxation Administration Act 1953 Schedule 1 section 12-35
Taxation Administration Act 1953 Schedule 1 section 14-5