Employee share schemes - guide for employees

When the new ESS rules do not apply

The new ESS rules do not apply to your ESS interests, if you acquired them before 1 July 2009 and they were:

• non-qualifying shares or rights
• qualifying shares or rights, and you elected to be taxed upfront under the previous law, or
• qualifying shares or rights, and a cessation time had happened to the shares or rights before 1 July2009.

In these cases, the previous law will continue to apply.

For more information on how to apply the previous law, see Employee share schemes - answers to frequently asked questions by employees.

Sections within ESS benefits acquired before 1 July 2009

• When the new ESS rules do not apply
• When the new ESS rules do apply