13P

Grant of share because of exercise of option

Current

Despite paragraphs (j) and (k) of the definition of wages in the schedule, the grant of a share by a grantor does not comprise wages if—

(a)

the grantor is required to grant the share because a person has exercised an option; and

(b)

either—

(i)

the grant of the option to the person comprises wages for this Act; or

(ii)

the option was granted to the person before 1 July 2008.

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