26Place where wages are payable

#### 26 Place where wages are payable 26 Place where wages are payable > > (1) The wages constituted by the grant of the share or option are taken to be paid or payable in this jurisdiction if the share is a share in a local company or, in the case of an option, an option to acquire shares in a local company. > > > (2) In any other case, the wages constituted by the grant of the share or option are taken to be paid or payable outside this jurisdiction. > > > > Note. > > > > The place where wages are paid or payable is sometimes relevant to determining whether the wages are liable to payroll tax under this Act. See section 11. > > > (3) In this section— > > > > local company means— > > > > > (a) a company incorporated or taken to be incorporated under the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth that is taken to be registered in this jurisdiction for the purposes of that Act, or > > > > > (b) any other body corporate that is incorporated under an Act of this jurisdiction. > > **s 26:** Am 2009 No 91, Sch 3 \[6\].