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Queensland Government - Queensland Revenue Office
Queensland Government - Queensland Revenue Office

Options

The earlier of:

  • the day the shares that are subject to the option are granted
  • the day the employee exercises the option
  • (from 1 July 2011) the day that is 7 years after the option is granted to the grantee.

Shares

The first day when:

  • any conditions applying to the grant have been met
  • and
  • the grantee’s legal or beneficial interest in the share cannot be rescinded
  • or
  • (from 1 July 2011) the earlier of either the day as defined above or the day that is 7 years after the grant day of the share to the grantee.
Date published: 29 January 2023