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“SCARRABELOTTI recommends remuneration funding as the most effective method of financing Division 13A Exempt and Deferred share plans; these are then reallocated to the share plan which acquires shares on behalf of employer.” |
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Aequum Managing Director
Employee benefits …'“By investing pre-tax dollars in the ESOP, employees acquire (depending on their marginal tax rate) up to twice the number of shares they could have purchased using post-tax savings.” Employer benefits ...“Remuneration funding means, for the employer, a tax deduction to the company for every dollar contributed to the ESOP” |
ESOP
Briefing Share
plan design, implementation and management in Australia is governed
chiefly by two main bodies of Federal legislation, the
Of
these, the Income Tax Assessment Act (Division 13A) is of primary
importance. It lays down the conditions for operating share plans and the
nature of the benefits linked to share plans which meet those
conditions. Alternative ESOP Funding Mechanisms
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