Special news alert from GuerdonNews®

15 January 2015

Dear [FIRSTNAME],

Welcome to this special news alert from GuerdonNews®

Government releases draft legislation for Employee Share Scheme taxation

Draft new taxation legislation on the taxation of employee, executive and director share rights and options was released by the Australian government late yesterday.

In effect, the changes permit tax on options and rights to be moved to when they are exercised, providing the options and rights cannot be sold, transferred or otherwise disposed of prior to exercise. Currently, they are taxed at either grant or when forfeiture restrictions are lifted.

The new legislation will bring Australia into line with overseas competitors for attracting talented technical specialists, directors and executives.

In addition, special concessions will apply for ‘start-ups’.

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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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