Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.210

    If:

  (a)   at a particular time, you provide another entity with money or other property:

  (i)   under an * arrangement; and

  (ii)   for the purpose of enabling an individual (the ultimate beneficiary ) to acquire, directly or indirectly, an * ESS interest under an * employee share scheme in relation to the ultimate beneficiary's employment (including past or prospective employment); and

  (b)   that particular time occurs before the time (the acquisition time ) the ultimate beneficiary acquires the * ESS interest;

then, for the purpose of determining the income year (if any) in which you can deduct an amount in respect of the provision of the money or other property, you are taken to have provided the money or other property at the acquisition time.

Table of sections

83A - 305   Acquisition by associates

83A - 310   Forfeiture etc. of ESS interest

83A - 315   Market value of ESS interest

83A - 320   Interests in a trust

83A - 325   Application of Division to relationships similar to employment

83A - 330   Application of Division to ceasing employment

83A - 335   Application of Division to stapled securities

83A - 340   Application of Division to indeterminate rights