Under the Tax Act, a special "ESS Start-Up Concession" is available to eligible companies. As a potential provider, the information you give in the ESS Eligibility Check helps to determine whether your company, offer and employee have eligibility for the 'ESS Start-Up Tax Concession'. An Eligibility Report will be generated, to the provider, and should be used to assist with the initial planning and information gathering stages, rather than as a replacement for professional advice. The ESS Eligibility Check is for general information only and does not represent professional advice.

The concession and rules apply both to employee share schemes and employee share option plans.

 Use this ESS Eligibility Check if: 

• You are establishing and intending on being a provider of an Employee Share Scheme for Options and would like determine if your company is eligible for the 'ESS Start-Up Concession'.

Why do you need this ESS Eligibility Check?

This ESS Eligibility Check provides a general assessment of your company to determine eligibility for the 'ESS Start-Up Concession'. If your company is eligible, under new changes to the Tax Act effective from 1 July 2015, your ESS will enjoy tax concessions. 

What is included in this SS Eligibility Check?

• ESS Eligibility Report
• Eligibility requirements for company
• Eligibility requirements for employee
• Eligibility requirements for terms of ESS offer
• Market value and exercise price information
• Disclosure obligations

Please note: The ESS Eligibility Check is for general information only and does not represent professional advice. For more information, please seek professional advice or contact a Lawpath ESS Consultant on 1800 529 728.