2013-2014-2015

The Parliament of the

Commonwealth of Australia

HOUSE OF REPRESENTATIVES

As passed by both Houses

Tax and Superannuation Laws Amendment (Employee Share Schemes) Bill 2015

No.      , 2015

A Bill for an Act to amend the law relating to taxation, and for related purposes

Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 2

Schedule 1—Improvements to taxation of employee share schemes       3

Part 1—Main amendments                                                                                          3

Income Tax Assessment Act 1936                                                                               3

Income Tax Assessment Act 1997                                                                               3

Income Tax (Transitional Provisions) Act 1997                                                   14

Taxation Administration Act 1953                                                                          14

Part 2—Amendments about market value                                                         15

Income Tax Assessment Act 1997                                                                             15

Part 3—Technical amendments                                                                               16

Income Tax Assessment Act 1997                                                                             16

A Bill for an Act to amend the law relating to taxation, and for related purposes

The Parliament of Australia enacts: