Income Tax Assessment Act 1997
An ESS interest , in a company, is a beneficial interest in:
(a) a *share in the company; or
(b) a right to acquire a beneficial interest in a share in the company. 83A-10(2)
An employee share scheme is a *scheme under which *ESS interests in a company are provided to employees, or *associates of employees, (including past or prospective employees) of:
(a) the company; or
(b) *subsidiaries of the company;
in relation to the employees ' employment.
See section 83A-325 for relationships similar to employment.