6.58 Number of days of overseas employment. (Replaces the merged fields of 6.57 and 6.58)and a new alert box has been added. ACRONYMS Acronym Description Australian business number ABN Australian Taxation Office ATO Clearing House Electronic Subregister System CHESS end of file EOF employee share scheme ESS Holder identification number HIN Software Industry Partnership Office SIPO Security holder reference number SRN tax file number TFN DEFINITIONS Term Description Employee For the purpose of this document, an employee is defined as a participant and owner of employee share scheme (ESS) interests. ESS interest An ESS interest in a company is a beneficial interest in a share, stapled security or a right to acquire them. Intermediary The intermediary (Supplier) is the organisation who has lodged the Employee share scheme (ESS) annual report with the Australian Taxation Office (ATO). This is the organisation (as authorised by the ESS reporting party) that manages the affairs of one or more ESS reporting parties. An intermediary may be an ESS administrator, computer service provider, trustee company, tax agent, accountant or employee of an ESS provider. Reporting party A reporting party (Provider) is an entity that provides an employee share scheme to employees. It is the responsibility of the reporting party to ensure that the Employee share scheme (ESS) annual report is completed correctly and lodged with the ATO by the due date. Start-up company A start-up company for the purposes of ESS is a company that fits the definition prescribed by the law (i.e. unlisted, less than $50m turnover,
6.58 Number of days of overseas employment. (Replaces the merged fields of 6.57 and 6.58)and a new alert box has been added. ACRONYMS Acronym Description ABN Australian business number ATO Australian Taxation Office CHESS Clearing House Electronic Subregister System EOF end of file ESS employee share scheme HIN Holder identification number SIPO Software Industry Partnership Office SRN Security holder reference number TFN tax file number DEFINITIONS Term Description Employee For the purpose of this document, an employee is defined as a participant and owner of employee share scheme (ESS) interests. ESS interest An ESS interest in a company is a beneficial interest in a share, stapled security or a right to acquire them. Intermediary The intermediary (Supplier) is the organisation who has lodged the Employee share scheme (ESS) annual report with the Australian Taxation Office (ATO). This is the organisation (as authorised by the ESS reporting party) that manages the affairs of one or more ESS reporting parties. An intermediary may be an ESS administrator, computer service provider, trustee company, tax agent, accountant or employee of an ESS provider. Reporting party A reporting party (Provider) is an entity that provides an employee share scheme to employees. It is the responsibility of the reporting party to ensure that the Employee share scheme (ESS) annual report is completed correctly and lodged with the ATO by the due date. Start-up company A start-up company for the purposes of ESS is a company that fits the definition prescribed by the law (i.e. unlisted, less than $50m turnover,
ESS_annual_report_specification_Final_v3.0.0_tracked_1.docx