Employee Share Ownership in Australia: Theory, Evidence, Current Practice and Regulation

86 Pages Posted: 29 May 2007

See all articles by Ingrid Landau

Ingrid Landau

Monash University; Monash University

Richard Mitchell

Monash University - Department of Business Law & Taxation

Ann O'Connell

University of Melbourne - Law School

Ian Ramsay

Melbourne Law School - University of Melbourne

Date Written: May 2007

Abstract

Since at least the 1970s, employee share ownership has enjoyed bipartisan political support in Australia. Despite broad and sustained public policy interest in employee share ownership, however, Australian literature on the subject remains scarce. There has also been very little in the way of comprehensive analysis of the regulatory framework. This paper provides an overview of employee share ownership from an Australian perspective. It begins by reviewing the literature on broad-based employee share ownership before turning to examine available data on Australian practice. It then considers how employee share ownership plans are currently provided for in public policy and law. Companies in Australia proposing to offer shares to employees must comply with many regulatory requirements. The paper examines these requirements. The authors also examine features of the current regulatory framework which have been identified as problematic.

Suggested Citation

Landau, Ingrid and Landau, Ingrid and Mitchell, Richard James and O'Connell, Ann and Ramsay, Ian, Employee Share Ownership in Australia: Theory, Evidence, Current Practice and Regulation (May 2007). U of Melbourne Legal Studies Research Paper No. 239, Available at SSRN: https://ssrn.com/abstract=989454 or http://dx.doi.org/10.2139/ssrn.989454

Ingrid Landau

Monash University

Wellington Road
Victoria, Roodepoort 3145
Australia

Monash University ( email )

Caulfield Campus
900 Dandenong Road Caulfield East
Melbourne, Australia, Victoria 3145
Australia

Richard James Mitchell

Monash University - Department of Business Law & Taxation ( email )

Caulfield Campus
Sir John Monash Drive
Caulfield East, Victoria 3084
Australia

Ann O'Connell

University of Melbourne - Law School ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

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