Key Documents
The Australian Government welcomes feedback from all interested stakeholders on the issues outlined in this paper. As part of its National Innovation and Science Agenda, the Government has recently released the exposure draft of a measure to amend the Corporations Act 2001 (Corporations Act) so that employee share schemes (ESS) disclosure documents for certain start-up companies are not made publicly available when they are lodged with ASIC. This paper contains a number of questions about further measures which could be taken in future to make ESS more user friendly. Stakeholders are invited to address any issues raised in this paper and should not feel obliged to address every question. The information obtained through this process will inform the Government's future approach to the treatment of ESS.