Blog Post
Nov 20, 2014
Employee share scheme changes: Incentive to switch or just less red tape?
There are often good reasons to link employee rewards with overall company value, particularly in the case of senior executive employees. However, the formal requirements associated with share schemes and schemes based on shares (or their price) can be disproportionately burdensome, for example:
- the company may be required to obtain an Australian Financial Services Licence (AFSL);
- the company may have to issue a formal disclosure document; and
- share schemes may be subject to the requirements for managed investment schemes.
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