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Employee Share Scheme standard documents released by ATO

We are encouraged to see the Government taking Employee Share Schemes (ESS) seriously and doing their bit to make it a cost effective process for startups to introduce to their business. The Government’s Growing Jobs and Small Business package is about supporting innovation and creating the right conditions for Australian entrepreneurs. The changes to ESS will make it easier for Australian firms to attract and retain high quality employees in a globally competitive labour market.

The Australian Taxation Office (ATO) have produced a set of standard document templates that are designed to assist eligible startups in establishing an Employee Share Scheme of Options to acquire newly issued ordinary shares.

Whilst this is a great initiative and a good head start for startups, we encourage you to exercise caution and ask your tax and legal advisor to review these documents before signing to ensure you are fully aware of the consequences.

Key ATO links for more information:

We are here to answer any questions you have. Please feel free to contact us at ourteam@azuregroup.com.au or join in on the conversation on Twitter by tagging us in @azure_group and using #essau.

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Azure Group
Azure Group

Azure Group is the leading Accounting, Chartered Accountant, Business Advisory and Strategic Advisory firm supporting the growth & success of fast growing entrepreneurial businesses.

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