This video is a filmed session from Vic 3rd Annual Tax Forum, PowerPoint slides are incorporated with the presentation.
The employee share scheme rules have changed, again! These changes resulted from a review of Australia's digital economy, which indicated that Australia is out of step with developed economies in relation to the tax treatment of employee equity schemes. As a result, the government introduced new rules, applicable from 1 July 2015, which offer benefits to start-up companies. Some changes also apply to non-start up companies, which means that there are also opportunities for these entities to tweak their plans to improve outcomes for employees.
This video runs through the impact of the most recent changes, identifies which entities meet the definition of a start-up and identifies where opportunities lie and traps remain.