05 Aug 13 Employee share schemes and start-up companies
In media release No 2013/147, issued 2 August 2013, the Assistant Treasurer, David Bradbury, announced that the Government will begin consultation with industry about reforming employee share schemes to provide greater assistance to start-up companies.
In conjunction with the announcement, the Government released a discussion paper "Employee Share Schemes and Start-Up Companies". The discussion paper covers areas that industry has so far identified as problematic, including set-up costs, valuation issues and the point at which employee shares attract taxation.
The closing date for submissions is Friday 30 August 2013.