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  • Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Conditions for issuing a reduced ESS statement

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Refer to the following table to find out what your reporting requirements are and if you can give your employee a reduced ESS statement.

    If the ESS interests were acquired … and … then you …

    before 1 July 2009

    the cessation time for those ESS interests occurred on or after 1 July 2009

     
    • they were under a scheme where the $1,000 exemption applied

    and

    • the discount at acquisition was less than or equal to $1,000

    and

    • you believe your employee was eligible for the $1,000 exemption
     
    • do not need to report to us
    • must give your employee a reduced ESS statement - see Condition 1 for the wording you need to use
     

    after 30 June 2009

    they were acquired through a tax-deferred scheme with no taxing point during 2012-13

    • do not need to report to us or your employee
    • can choose to give your employee a reduced ESS statement - see Condition 2 for the wording you need to use
     

    they were acquired through a taxed-upfront scheme eligible for reduction

    • are required to lodge an ESS annual report with us and provide your employee with an ESS statement
    • cannot give your employee a reduced ESS statement
     
    Further information

    If you need to lodge an Employee share scheme (ESS) annual report with us and provide your employee with an ESS statement, refer to Employee share scheme - guide for employers.

    End of further information
      Last modified: 25 Jun 2013QC 35310