Updated November 12th 2013

The ATO has announced further changes to the Employee Share Scheme arrangements which were announced in the 2009 Federal Budget. Under the proposed changes, a qualifying employee share scheme will be able to defer assessable income and the $1,000 tax exemption will be maintained for individuals with an adjusted taxable income up to $180,000.

These changes will apply from 1 July 2009 rather than from Budget Night as previously announced.