Employee Share Schemes Consultation Paper April 2019
The submission to the Commonwealth Treasury in response to the public consultation paper Employee Share Schemes Consultation Paper, April 2019 (Consultation Paper) was prepared by the Corporations Committee of the Business Law Section of the Law Council of Australia.
The Commonwealth Government has announced proposals to improve the ability of small businesses to offer employee share schemes to help them attract, retain and motivate employees and grow their businesses. While the committee is supportive of legislative amendments in the area of employee share schemes, it considers that the current proposals outlined in the Consultation Paper (and which are addressed in further detail in the submission) could be expanded to provide additional relief.
You can read the full submission below.