Private ruling: Employee share scheme
Date of advice: 11 November 2022
Published: 9 January 2023
Ruling period: Income tax year ended 30 June 20XX | Fringe benefits tax year ended 31 March 20XX
Date scheme commenced: 20XX

Ruling: 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.


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 1997 section 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