The Australian Government has released draft legislation which, if implemented, will boost the tax concessions for shares and options acquired under employee share and option plans on and from 1 July 2015.

In 2009, changes to the tax treatment of employee share and option plans saw the end of these incentive schemes in Australia.  The draft legislation includes an unwinding of the 2009 changes and may trigger a revival of interest in employee share and option plans.

Andrew Spalding, a Partner in our Melbourne office, has an in depth look at the proposed legislation in his recent legal update.

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