GuerdonNews® Special 2009-2010 Budget Edition

13 May 2009


Welcome to this special 2009-2010 budget edition of GuerdonNews®

The Australian budget – possibly a very odd approach to employee share plans

Taken at face value, the budget papers imply that all share and option grants will be taxed at the grant date even if they are subject to performance conditions and disposal restrictions.

If this is correct, then this is the end of performance share rights plans because tax would be payable on the full market value of a share for all rights granted.


The information, analysis and opinion in this e-mail and attachments are intended to be for informational purposes only. Analyses are based on information taken from public documents or private surveys, and we do not represent to its accuracy. Guerdon Associates assumes no liability for the use or interpretation of information contained herein. This publication is provided 'as is' without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of marketability, fitness for a particular purpose, or non-infringement of third party rights.

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