Western Australian Consolidated Acts

PAY-ROLL TAX ASSESSMENT ACT 2002 - SCHEDULE 1

[s. 46]

        [Heading inserted by No. 15 of 2010 s. 17.]

Division 1  —  Provisions for the Pay-roll Tax Assessment Amendment Act 2010 in relation to taxable wages

        [Heading inserted by No. 15 of 2010 s. 17.]

1 .         Liability to tax for assessment years commencing on 1 July 2009 and 1 July 2010

                A person’s liability to pay-roll tax under this Act for the assessment year commencing on 1 July 2009, and for the assessment year commencing on 1 July 2010, is to be determined as if the Pay-roll Tax Assessment Amendment Act 2010 (other than Part 2 Division 3) had come into operation on 1 July 2009.

        [Clause 1 inserted by No. 15 of 2010 s. 17.]

2 .         Shares and options granted on or after 1 July 2009 and before Pay-roll Tax Assessment Amendment Act 2010 received the Royal Assent

        (1)         If —

            (a)         an employer granted a share or an option to a person —

                  (i)         on or after 1 July 2009; and

                  (ii)         before the Pay-roll Tax Assessment Amendment Act 2010 received the Royal Assent;

                and

            (b)         the amount equal to the value of the share or option was WA taxable wages; and

            (c)         the value of the share or option is, under section 9DA or 9DG and clause 1, taken to be wages paid by the employer to the employee; and

            (d)         the wages constituted by the value of that share or option are WA taxable wages under section 5(2) and clause 1,

                the employer may, by notice given to the Commissioner, elect to treat those wages as being paid on the vesting day.

        (2)         A notice under subclause (1) must be given within the 3 months after the day on which the Pay-roll Tax Assessment Amendment Act 2010 received the Royal Assent.

        (3)         The Commissioner must, on application, make any reassessment necessary to give effect to this clause.

        [Clause 2 inserted by No. 15 of 2010 s. 17.]

3 .         Notices under Pay-roll Tax Assessment Regulations 2003 r. 26(1) or (2)

                A notice under the Pay-roll Tax Assessment Regulations 2003 regulation 26(1) or (2) in relation to the assessment year commencing on 1 July 2009, or the assessment year commencing on 1 July 2010, has effect as if it were given under section 9BH(1) or (2), whichever is relevant.

        [Clause 3 inserted by No. 15 of 2010 s. 17.]