Embrace Change: Why You Need to Update Your Australian Employee Share Option Plan
If you haven’t updated your employee share plan yet, now is the time to act. On 1st October 2022, significant amendments to the Corporations Act came into effect, altering the regulations governing employee share schemes (ESS) in Australia. These changes were designed to make it easier for startups and other businesses to attract and retain top talent by reducing the red tape and streamlining the regulatory requirements relating to the disclosure, licensing, advertising, anti-hawking, and on-sale requirements of shares, options and incentive rights offered under employee share plans. In this […]