Payroll Tax Definitions
Term | Definition |
---|---|
threshold |
See Exemption threshold. |
top-up payments |
see make-up pay |
unused annual leave payments |
Has the same meaning as in section 83–10 of the ITAA. |
unused long service leave payments |
Has the same meaning as in section 83-75 of the ITAA. |
vesting date for a share |
The vesting date for a share is the date when any conditions which apply to granting the share have been met and the employee's legal or beneficial interest in the share cannot be rescinded. From 1 July 2011, the vesting date for a share is the earlier of either the date as defined above or the date at the end of the 7 years from the date on which the share is granted to the employee. |
vesting date for an option |
The vesting date for an option is the earlier of either one of two dates (and from 1 July 2011, one of the three dates). The dates are:
|
voting share |
The same meaning as in section 9 of the Corporations Act 2001 of the Commonwealth. |
wages |
The definition of 'wages' in Payroll Tax legislation is very broad and is not restricted to wages or salaries. The term 'wages' includes:
|