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Open Access Publications from the University of California

UCLA Pacific Basin Law Journal

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PBLJ is the second oldest law journal at UCLA and focuses on a diverse range of legal and policy issues in the Pacific Rim, looking to both the Asia-Pacific and the Americas. In the past, PBLJ has featured articles on topics as varied as intellectual property regimes, climate change and migration in the Pacific, corporate governance, and affordable housing policy in China.

Volume 25, Issue 1, 2007

Table of Contents


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

Since at least the 1970s, employee share ownership has enjoyed bipartisan support in Australia. Despite broad and sustained public policy interest in employee share ownership, 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 securities to employees must comply with a myriad of regulatory requirements. This paper examines these requirements. It also examines features of the current regulatory framework which have been identified as problematic.