New South Wales Consolidated Acts

PAYROLL TAX ACT 2007 - SECT 22

22 Grant of share pursuant to exercise of option

The grant of the share by an employer does not constitute wages for the purposes of this Act if the employer is required to grant the share as a consequence of the exercise of an option by a person and--

(a) the grant of the option to the person constitutes wages for the purposes of this Act, or

(b) the option was granted to the person before 1 July 2003.