Rather than sell existing shares to the employee, can the company issue new shares? Yes, but this may not result in any cash going to the existing shareholder . Apr 2, 2018 Some conditions will not shift the taxing point – e.g. the requirement that an employee sell the shares back to the company at market value if 

This email will be sent regularly with the latest industry news, FMA updates and current papers, reports, investigations and prosecutions. The notice relates to certain offers of financial products that are made under, or in connection with, employee share purchase schemes. The notice exempts those offers from disclosure requirements under Part 3 of the Financial Markets Conduct Act 2013 (the Act).Offers of debt securities are also exempted from Part 4 of the Act. PURCHASE SCHEME FOR 2019 The New Zealand Refining ompany Limited (“the ompany”) is required to provide the following disclosure to all shareholders pursuant to sections 78(5) and 79 of the ompanies Act 1993 (“the Act”) in respect of financial assistance to be provided by the Company in relation to the Refining NZ Employee Share Purchase Consultation paper: proposed exemptions for employee share purchase schemes | Page 3 Employee share purchase schemes – existing relief 1. Employee share schemes have had long-standing relief from the disclosure requirements of New Zealand [s securities law. Relief has been provided for these reasons:

Apr 6, 2017 The term "employee share scheme" is relatively broadly defined, but, to be noted, excludes: a share purchase agreement (the old DC 12 schemes); 

The NZ government acknowledged that employee share schemes are an important form of loans to employees for the purchase of shares must be interest-free. Jun 15, 2017 Deloitte Partner, Ian Fay, shared why New Zealand businesses will need to rethink how they implement share based incentive schemes. Apr 6, 2017 The term "employee share scheme" is relatively broadly defined, but, to be noted, excludes: a share purchase agreement (the old DC 12 schemes);  Oct 18, 2016 New Zealand – New Employee Share Scheme Obligations withholding obligation applies to all members of the share purchase agreement.

Apr 6, 2017 The term "employee share scheme" is relatively broadly defined, but, to be noted, excludes: a share purchase agreement (the old DC 12 schemes); 

Rather than sell existing shares to the employee, can the company issue new shares? Yes, but this may not result in any cash going to the existing shareholder . Apr 2, 2018 Some conditions will not shift the taxing point – e.g. the requirement that an employee sell the shares back to the company at market value if  The NZ government acknowledged that employee share schemes are an important form of loans to employees for the purchase of shares must be interest-free. Jun 15, 2017 Deloitte Partner, Ian Fay, shared why New Zealand businesses will need to rethink how they implement share based incentive schemes. Apr 6, 2017 The term "employee share scheme" is relatively broadly defined, but, to be noted, excludes: a share purchase agreement (the old DC 12 schemes);  Oct 18, 2016 New Zealand – New Employee Share Scheme Obligations withholding obligation applies to all members of the share purchase agreement.

The NZ government acknowledged that employee share schemes are an important form of loans to employees for the purchase of shares must be interest-free.

As part of his salary package, he was offered the ability to purchase $1,000 worth of shares through a salary sacrifice arrangement. Under the terms of the  Award materials should be addressed to individual employees in order to avoid securities law requirements. Last modified 1 Jan 2019. Stock purchase rights. May 4, 2017 Taxation of employee share scheme income as proposed in the Bill. 1 New Zealand tax law does not advantage or disadvantage their use compared to other forms the employee cannot sell the shares at the taxing point.

ADVISORY. Employee share schemes. An introductory guide kpmg.com/nz the ability of the employee to sell the shares whilst they are employed, or provide 

Employee share schemes have been used for many years as a tool to reward, retain and attract talent by offering employees a stake in the companies they work for. In New Zealand, employee share schemes have traditionally been the domain of large corporate, due to substantive compliance costs and the complexity of relevant securities law. However, the Financial Markets Conduct Act 2013 Multi-national corporations operating in New Zealand often offer participation in global share schemes to their New Zealand based employees. The terms of such global schemes are often not designed with New Zealand tax law in mind. The proposed changes (if enacted) will likely require the documentation disclosed to New Zealand based employees in NZ EMPLOYEE SHARE PURCHASE SCHEME This booklet contains a summary of the key rules of the Metro Performance Glass Limited (Metro Glass) 2017 New Zealand Employee Share Purchase Scheme (the Scheme) and provides important information about the Scheme, how can you register for the Scheme and accept this offer and any tax implications for you. Before accepting an offer under the Scheme you should Employee Stock Purchase Plan - ESPP: An employee stock purchase plan (ESPP) is a company-run program in which participating employees can purchase company shares at a discounted price. Employees Some schemes are structured as a $2,000 (or less) bonus, settled in shares. Others provide for the employer to lend the employee money to be repaid over a maximum five-year term, for example through payroll deductions and dividend payments. NZ Employee Share Purchase Scheme – 2019 Offer Fisher & Paykel Healthcare first listed on the New Zealand and Australian stock exchanges in 2001. Since then, we have grown from a company with 716 people and annual operating revenue of $215 million into a company with over 4,500 people and $1 billion in annual operating revenue. the terms of which are substantially the same as those of the employee share purchase scheme except to the extent that variations are necessary or desirable to comply with, or to take into account, the laws of the jurisdictions in which equity securities are offered (whether under the parallel scheme or the employee share purchase scheme).

Receiving employee share scheme benefits Te whiwhi painga kaupapa hea ā-kaimahi Receiving employee share scheme benefits You receive an employee share scheme (ESS) benefit when you purchase or are given shares from your employer free or below market value. Share purchase agreements in this context are often referred to as “employee share schemes”. The proposed changes: allow the employer to choose to withhold tax on any employment income an employee receives under a share purchase agreement using the PAYE system; and Can we simplify our scheme to become a more traditional option scheme given the new rules effectively tax all employee share schemes on the same basis as options. The tax accounting treatment for those that report in accordance with NZ IFRS - as employee share benefits (including options) will be deductible to the employer under the new rules. Why share schemes? Employee share schemes are an important incentive mechanism for recruiting, motivating and retaining talent; however, New Zealand tax rules do not provide any tax incentives for businesses to use these schemes. Instead, the rules seek to tax share-based remuneration and cash remuneration in a similar manner. Employee share schemes have been used for many years as a tool to reward, retain and attract talent by offering employees a stake in the companies they work for. In New Zealand, employee share schemes have traditionally been the domain of large corporate, due to substantive compliance costs and the complexity of relevant securities law. However, the Financial Markets Conduct Act 2013 Multi-national corporations operating in New Zealand often offer participation in global share schemes to their New Zealand based employees. The terms of such global schemes are often not designed with New Zealand tax law in mind. The proposed changes (if enacted) will likely require the documentation disclosed to New Zealand based employees in NZ EMPLOYEE SHARE PURCHASE SCHEME This booklet contains a summary of the key rules of the Metro Performance Glass Limited (Metro Glass) 2017 New Zealand Employee Share Purchase Scheme (the Scheme) and provides important information about the Scheme, how can you register for the Scheme and accept this offer and any tax implications for you. Before accepting an offer under the Scheme you should