KPMG proposes revamp of employee share schemes as COVID-19 recovery tool

Grant Wardell-Johnson, Ben Travers and Andy Hutt introduce a report which suggests an expansion to the current ESS regime.

A revamped and two-year only employee share scheme (ESS) proposal could be a valuable mechanism to align the interests of employers and workers, as Australia attempts to emerge from the COVID-19 recession. KPMG’s COVID-19 Accelerated Recovery Employee Shares (CARES) plan avoids some of the limitations of the current ESS regime. It would allow employees to acquire a higher value of tax-free shares, and employers to get a higher tax deduction for issuing the shares than is currently available...

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Authors: Grant Wardell-Johnson, Ben Travers,

Published Date: 27 November 2020