Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.5

                   The objects of this Division are:

                     (a)  to ensure that benefits provided to employees under * employee share schemes are subject to income tax at the employees' marginal rates under * income tax law (instead of being subject to * fringe benefits tax law); and

                     (b)  to increase the extent to which the interests of employees are aligned with those of their employers, by providing a tax concession to encourage lower and middle income earners to acquire * shares under such schemes.