Sch 1Transitional provisions

Schedule 1 — Transitional provisions

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

1. Liability to tax for assessment years commencing on 1 July 2009 and 1 July 2010 108

2. Shares and options granted on or after 1 July 2009 and before Pay‑roll Tax Assessment Amendment Act 2010 received Royal Assent 108

3. Notices under Pay‑roll Tax Assessment Regulations 2003 r. 26(1) or (2) 109

Division 2 — Provisions for the Pay‑roll Tax Assessment Amendment Act 2010 in relation to grouping of employers

4. Exclusion from group in force before 1 July 2012 109

5. Exclusion from group granted on or after 1 July 2012 109

6. Exclusion from group having effect before 1 July 2012 110

Division 3 — Provisions consequent on enactment of Revenue Laws Amendment Act 2012 Part 5 Division 2

7. Assessment and payment of pay‑roll tax in relation to employee shares and options 110

8. Determination of vesting day and value of employee shares and options 110

9. Shares and options granted on or after 1 July 2011 and before Revenue Laws Amendment Act 2012 received Royal Assent 111

Division 4 — Provisions for the Taxation Legislation Amendment Act (No. 2) 2015

10. Terms used 112

11. Exemptions currently held by relevant bodies may be revoked 112

12. Exemptions for periods before the commencement of the Taxation Legislation Amendment Act (No. 2) 2015 Part 4 113

13. A body or organisation given an exemption under clause 12 may apply for a beneficial body determination 114

Division 5 — Provisions for the Taxation Legislation Amendment Act (No. 3) 2015 Part 4

14. Changes relating to tax thresholds do not apply to assessment years commencing before 1 July 2015 115

Division 6 — Provisions for the Pay‑roll Tax Assessment Amendment (Exemption for Trainees) Act 2018

15. Term used: commencement day 115

16. Reassessment 115