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Exposure Draft - Taxation of Employee Share Schemes (Application and Transitional Provisions)

Date:

Tuesday, 15 September 2009

Content ID:

1622

Abstract:

On 1 July 2009, the Government issued a Policy Statement, setting out the final taxation treatment of share and rights acquired under employee share schemes, to apply from that date.

On 24 July 2009, the Assistant Treasurer announced further industry consultations including release of an exposure draft and Board of Taxation consultation on technical aspects of the package.

An exposure draft package was released for comment on 4 August 2009.

We are now consulting on the application and transitional provisions, which were not included in the exposure draft of the first mentioned Bill.

[For information on the Board of Taxation’s consultation on technical aspects of the rules see www.taxboard.gov.au.]

Making a submission

Interested parties are invited to comment on the application and transitional provisions, and accompanying explanatory materials. While submissions may be lodged electronically, by post or by facsimile, electronic lodgment is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence.  Automatically generated confidentiality statements in emails do not suffice for this purpose.  Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.  A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Tuesday, 22 September 2009

Address written submissions to:
Manager
Philanthropy and Exemptions Unit
Personal and Retirement Income Division
The Treasury
Langton Crescent
PARKES  ACT  2600

Email:  ESSreforms@treasury.gov.au

For inquiries, please call Chris Leggett on (02) 6263 3208

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Exposure draft – application and transitional provisions  26.37kb
Explanatory materials - application and transitional provisions  37.36kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure draft – application and transitional provisions  214.01kb
Explanatory materials - application and transitional provisions  425.08kb

Related Items:

Reform of the Taxation of Employee Share Schemes - 5/06/2009
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Exposure Draft - Taxation of Employee Share Schemes - 14/08/2009
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Submissions: Exposure Draft - Taxation of Employee Share Schemes (Application and Transitional Provisions) - 22/10/2009

Treasury received 5 submissions in response to the 'Exposure Draft - Taxation of Employee Share Schemes (Application and Transitional Provisions)'. The public submissions are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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