Market value of unlisted rights to acquire listed shares and stapled securities

Introduction

This document will help you to calculate the market value of unlisted rights (including options) to acquire listed shares and stapled securities, where those rights are acquired by an employee under an employee share scheme (ESS) after 30 June 2009.

An unlisted right is a right that is not quoted on an approved stock exchange, such as the Australian Securities Exchange (ASX).

When we refer to 'unlisted rights to acquire shares' in this document we also mean 'unlisted rights to acquire stapled securities'.

This document also applies to qualifying rights acquired by an employee before 1 July 2009 if:

• the employee did not elect to be taxed in the year when the rights were acquired, and
• a cessation time has not happened to the rights before 1 July 2009.

For information on shares, stapled securities or rights acquired before 1 July 2009, see Employee share schemes - answers to frequently asked questions by employees.