Employer reporting requirements for employee share schemes

Introduction

From 1 July 2009, you became subject to withholding and reporting obligations if under an employee share scheme (ESS) you provide shares, stapled securities (provided at least one of the stapled interests is a share in a company) or rights to acquire shares or stapled securities (ESS interests) to your employees or to their associates.

You must also report certain information about ESS interests that are shares or rights (including stapled securities) that your employees acquired before 1 July 2009 where a cessation time for those interests did not occur before 1 July 2009.