Northern Territory Numbered Acts

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PAYROLL TAX ACT 2009 (NO 18 OF 2009) - SECT 18

Inclusion of grant of shares and options as wages

    (1)     For this Act, wages include the grant of a share or option to an employee by an employer in respect of services performed by the employee.

    (2)     Any such wages are taken, for the imposition of payroll tax, to be paid or payable on the relevant day.

    (3)     For this Division, the relevant day is the day the employer elects in accordance with this Division to treat as the day on which the wages are paid or payable.

    (4)     To avoid doubt, the grant of a share or option is valuable consideration for section 46.



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