From 1 July 2015 the way in which options granted by any company to its employees in Australia will be taxed has changed, but the main winners under the new tax rules are those Australian companies that qualify for the...more
From tomorrow, the way in which new employee share scheme awards will be taxed in Australia has changed and for the better. Following on from recent changes to assist companies to meet their corporate compliance obligations,...more
The Federal Government has announced as part of the Federal Budget radical changes to the interplay between the current government funded parental leave scheme and any similar paid schemes operated by employers.
The long awaited High Court of Australia decision in Commonwealth of Australia v Barker held that a duty of mutual trust and confidence is not implied into Australian contracts of employment...
The Australian Government has today introduced the draft Tax and Superannuation Laws Amendment (Employee Share Schemes) Bill 2015 containing measures designed to ease the tax impost for employee shares schemes, to make...more
The Government has released exposure draft legislation in relation to measures designed to soften the tax treatment of employee shares schemes ("ESS"). The proposed changes were announced by the Government in October 2014 and...more
The Australian government has committed to reform the tax treatment of employee stock awards as part of its Industry Innovation and Competitiveness Agenda, in an effort to retain top talent and boost entrepreneurship in...more
AS FORESHADOWED IN OUR RECENT ARTICLES (4 AUGUST AND 8 OCTOBER), THE FEDERAL GOVERNMENT HAS NOW COMMITTED TO: (A) REVERSING (AT LEAST IN PART) THE CONTROVERSIAL EMPLOYEE SHARE SCHEMES TAX CHANGES IMPLEMENTED IN 2009 AND (B)...more
In our recent article from 4 August 2014 we noted the building momentum for the Federal Government to change the laws which currently apply to Australian employee share schemes.
Recently a mainstream media publications...more
Earlier this month, the High Court of Australia delivered its ruling in the landmark case of Commonwealth Bank of Australia v Barker. In that ruling Australia's highest court decided that the duty of mutual trust and...more
There is building momentum for the Federal Government to change laws which currently apply to employees share schemes to counter the problems arising from previous changes made in 2009, and as a result, to increase the level...more
The shocking news of recent airline disasters brings into sharp focus for employers the sometimes unforeseeable risks facing employees who frequently travel for work.
In today's world, the ability to dispatch the right...more
If your organisation has 100 or more employees, unless it is a public sector employer, it will have annual gender reporting obligations to the Workplace Gender Equality Agency (Agency) under the Workplace Gender Equality Act...more
The 2014 World Cup is upon us, with the first game having kicked off in Brazil on 12 June 2014. But what is a high water mark of sports events for fans can be the source of many headaches for employers, who need to be careful...more
On 13 May 2014 the Federal Government confirmed its election promise made in May 2013 to introduce a new paid parental leave (PPL) scheme from 1 July 2015.
However, the much publicised income threshold for maximum...more