26Place 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.[Section 26 Subsection (2) amended by No. 14 of 2011, s. 23, Applied:28 Jun 2011]

| 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 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.