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2. Michael is advised by his employer, QZU Pty Limited, on 1 January 2019 that they will award him shares totalling $100,000 as at
2. Michael is advised by his employer, QZU Pty Limited, on 1 January 2019 that they will award him shares totalling $100,000 as at 1 January 2021 for his excellent contribution for no consideration. The shares will be awarded to him subject to the following conditions: Michael is required to meet sales targets each quarter between 1 January 2019 to 31 December 2020. Michael is not eligible to leave QZU until 1 January 2021 otherwise he will not be entitled to the shares. - QZU has the right to unconditionally reverse this share arrangement. (a) Advise when Michael is required to declare the shares received and what the assessable income balance is
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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