Private ruling: Employee share scheme - market value
Date of advice: 11 February 2026
Published: 30 March 2026
Ruling period: 30 June 20XX
Date scheme commenced: 30 June 20XX

Ruling: Q1: For the purpose of reporting the estimated market value of employee share scheme interests in the statement to be provided under section 392-5 of Schedule 1 to the Taxation Administration Act 1953 , was the market value of the Company ordinary share as at 30 June 20XX $Y? | A1: Yes.

Relevant facts and circumstances: The Company operates the Plan. The Plan is an employee share scheme where: • the Board of the Company (Board) may invite employees to apply for rights to acquire shares in the company from time to time • there is no cost to employees to acquire the rights • each right constitutes the right to subscribe for an ordinary share in the Company subject to the meeting of certain conditions: ­ the employee meeting certain performance hurdles over an applicable period, and ­ meeting certain vesting conditions that apply to the rights, such as ongoing employment by the Company (together, the Exercise Conditions). • Once the Board determines that the Exercise Conditions are met, the rights are automatically exercised 10 days later and shares in the Company are issued to the employee. The Company has a single class of issued shares. In accordance with the valuation report provided the market value range of $X to $Z per share as at 30 June 20XX, with a mid-point of $Y.

Relevant legislative provisions: Taxation Administration Act 1953 section 392-5 of schedule 1