We're a Baker Tilly network member
Learn more
Federal Budget 2022-23: Employee share schemes
Article

Federal Budget 2022-23: Employee share schemes

The Government seeks to expand access to employee share schemes and encourage further employee participation by reducing regulatory requirements.

The Government has confirmed that it will expand access to employee share schemes for unlisted companies by changing investment thresholds and further reducing red tape to help ensure that employees at all levels can participate in share ownership. The announcement provides that regulatory relief will be afforded to employers that make larger offers in connection with employee share schemes in unlisted companies, where participants invest up to:

  • $30,000 per participant per year, accruable for unexercised options for up to 5 years, plus 70%
    of dividends and cash bonuses; or
  • any amount, if it would allow them to immediately take advantage of a planned sale or listing of the company to sell their purchased interests at a profit.

The Government will also remove regulatory requirements for offers to independent contractors where they do not have to pay for interests.

No date of effect is specified in the Budget papers.

Return to Federal Budget hub

This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.

Our experts

Ben Brazier

Ben Brazier

Managing Principal Adelaide
Nigel Fischer

Nigel Fischer

Managing Partner Brisbane
Brendan Britten

Brendan Britten

Managing Partner Melbourne
Michael Minter

Michael Minter

Managing Partner Newcastle and Hunter
Leon Mok

Leon Mok

Managing Director Perth
Adam Irwin

Adam Irwin

Managing Partner Sydney
Pitcher Partners insights Get the latest Pitcher Partners updates direct to your inbox

Thank you for you interest

How can we help you?

Business or personal advice
General information
Career information
Media enquiries
Contact expert
Become a member
Specialist query
Please provide as much detail to ensure appropriate allocation of your query
Please highlight a realistic time frame that will enable us to provide advice within a suitable and timely manner. Please note given conflicting demands with our senior personnel, we will endeavour to respond to you within the nominated time frame. If you require an urgent response, please contact us via [email protected] or 03 8610 5477.
CPN Enquiry
Business Radar report
Student careers 2021-22
Find an expert
Search by industry