Western Australian Consolidated Regulations

PAY-ROLL TAX ASSESSMENT REGULATIONS 2003 - REG 17

17 .         Value of contributions to share acquisition schemes

                For the purposes of clause 6 in the Glossary to the Act, the value of a contribution to an employee share acquisition scheme is —

            (a)         if the contribution is a share, a unit or a right to acquire a share or unit — the market value on the contribution day of the share, unit or right as calculated under regulation 18, minus any consideration provided or given for the acquisition of the share, unit or right by the employee for whom the contribution is made;

            (b)         if the contribution is money — the amount equal to the amount of the contribution; and

            (c)         if the contribution is property that is worth money — (except a share, a unit, a right to acquire a share or unit, or money) the amount equal to the amount that the property is worth at the time the contribution is made.