Commonwealth of Australia Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.10

             (1)  An ESS interest , in a company, is a beneficial interest in:

                     (a)  a * share in the company; or

                     (b)  a right to acquire a beneficial interest in a share in the company.

             (2)  An employee share scheme is a * scheme under which * ESS interests in a company are provided to employees, or * associates of employees, (including past or prospective employees) of:

                     (a)  the company; or

                     (b)  * subsidiaries of the company;

in relation to the employees' employment.

Note:          See section 83A- 325 for relationships similar to employment.

Guide to Subdivision 83A-B