It is exciting to see the exposure draft for the 2021 budget announcements concerning the significant reforms both for corporate regulation of offers of employee shares and the removal of the taxing point at cessation of employment.
The reforms make it easier for businesses to offer ESS and will support Australian businesses to attract and retain the talent they need to compete on the global stage.
Submissions on the measures will be accepted until 25 August 2021.
Employee Ownership Australia (EOA) would love to hear your thoughts on the reforms.
