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ARTICLE · 06 SEPTEMBER 2022

Employee Share Scheme (ESS) – updates to disclosure requirements, taxing points and penalties

Bartier Perry Solicitors
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There are several changes in the wind for Australian ESS regulation.

AustraliaEmployment and HR
Eric Kwan
Eric Kwan
Robert Lee (Formerly With Bartier Perry)
Robert Lee (Formerly With Bartier Perry)
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Contributing partner: Greg Blewitt

There are several changes in the wind for Australian ESS regulation which have come into effect or will do so in the coming months. These include:

  • the removal of a key taxing point for ESS participants;
  • streamlining of employer disclosure requirements; and
  • ramping up the penalty regime associated with disclosure requirements.

Also in the works are changes announced in the Federal Budget for 2022-23.

Given these changes, and in the background of what is being dubbed the "Great Resignation", it may be a good time to implement an ESS to bolster your business's employee remuneration and incentive strategy.

Removal of a taxing point for employees

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