Winds of change sweeping through the employee share scheme landscape
There is building momentum for the federal government to change laws that currently apply to employee share schemes to counter the problems arising from previous changes made in 2009 and, as a result, to increase the level of employee participation in employee share schemes in Australia.
Recent reports in mainstream media publications have stated that within weeks the federal government will revoke the controversial 2009 employee share schemes tax changes introduced by the labour Rudd government and may also look to introduce new reforms borrowed from the UK, particularly from ‘Sharesave’ schemes, which have operated there for a number of years. These changes will form part of the federal government’s broader National Industry Investment and Competitiveness Agenda, which will look to drive research and development and other innovation initiatives.
These reports follow on from the federal government’s recent review of the tax and administrative arrangements for start-up companies wishing to operate employee share schemes and the Australian Securities and Investments Commission’s current review of the relief it offers companies from the need to provide a prospectus or other disclosure document to their employees when offering shares or other equity to them…
Click on the link below to read the rest of the DLA Piper briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
Health Alert — Julia Clare v Australian Community Pharmacy Authority; Dr Reid v Medical Council of NSW; and more
DLA Piper has released the 22 December 2014 issue of its Health Alert, which focuses on judgments, legislation and reports in the health sector.
The European Court of Justice (CJEU) has handed down a landmark judgment concerning the patentability of stem cells in Europe.
Analysis from The Lawyer
Regulators are ramping up the pressure in the aftermath of recession, leaving firms to compete for compliance and restructuring work
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.