114Assessment and payment of payroll tax in relation to employee

114 Assessment and payment of payroll tax in relation to employee shares and options Anything done or omitted to be done by an employer in connection with the assessment and payment of payroll tax, in respect of a month occurring after June 2009 and before July 2011, that would have been validly done or omitted to be done had the amendments made to this Act by the Revenue Legislation Amendment Act 2011 been in force, is taken to have been validly done or omitted. Note for section 114 This provision validates a decision by an employer to treat the grant of a share or an option to an employee that is not an ESS interest as a fringe benefit under Part 3, Division 2 and to determine the value of those fringe benefits in accordance with those provisions, rather than by reference to Part 3, Division 4.