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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    View history reference

Division 83A - Employee share schemes    View history reference

Subdivision 83A-A - Objects of Division and key concepts    View history reference

SECTION 83A-10  Meaning of ESS interest and employee share scheme  

 View history reference

83A-10(1)  

An ESS interest, in a company, is a beneficial interest in:


(a) a *share in the company; or


(b) a right to acquire a beneficial interest in a share in the company.

83A-10(2)  

An employee share scheme is a *scheme under which *ESS interests in a company are provided to employees, or *associates of employees, (including past or prospective employees) of:


(a) the company; or


(b) *subsidiaries of the company;

in relation to the employees' employment.

Note:

See section 83A-325 for relationships similar to employment.


 



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