Recommendations
Recommendation 1
4.15 The committee recommends that in consultation
with but not limited to employee share ownership groups, unions and academics,
the Australian Bureau of Statistics conduct a survey of employee share schemes
in Australia every five years, starting at the end of the 2009–10 financial
year. The survey should collect data on, but not limited to, the following:
- number
and type of employee share schemes;
- number,
size and industry of companies offering these schemes;
- number
of employees and equity held by them;
- breakdown
of employees by occupation, educational level and wage;
- reasons
for offering (employers) and participating (employees) in the scheme;
- perceived
effects and effectiveness of the schemes for both employers and employees;
- perceived
barriers in the take-up of the schemes; and
- breakdown
of general employee (broad-based) versus executive (narrow) schemes in terms of
the number of shares offered; number of participants and equity held.
Recommendation 2
5.32 The committee recommends that the Government
delay the introduction of the employee share scheme tax legislation in order to
take note of the other reviews in this area, including the Productivity
Commission and Board of Taxation and the Henry reviews, to maintain legislative
integrity and coherence.
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