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

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:

1   Short title

                   This Act may be cited as the Tax and Superannuation Laws Amendment (Employee Share Schemes) Act 2015 .

2   Commencement

                   This Act commences on the day after this Act receives the Royal Assent.

3   Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.