Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.25

  (1)   Your assessable income for the income year in which you acquire the * ESS interest includes the discount given in relation to the interest.

Note:   Regulations made for section   83A - 315 may be relevant to working out whether you acquire the ESS interest at a discount.

  (2)   Treat an amount included in your assessable income under subsection   (1) as being from a source other than an * Australian source to the extent that it relates to your employment outside Australia.

Note:   For the CGT treatment of employee share schemes, see Subdivision   130 - D.