Commentary

(5) Contents of the statement

Division AI Categories of Worker
| Commentary

(5) Contents of the statement

| Commentary

(5)     Contents of the statement

The statement is thus a key procedural element and s 205A(5) describes its required contents in detail. It must:

  1.  

    (a)     state that, as an employee shareholder, the individual would not have the above rights;

  2.  

    (b)     specify the notice periods that would apply in the individual's case in relation to returning from leave;

  3.  

    (c)     state whether any voting rights attach to the employee shares;

  4.  

    (d)     state whether the employee shares carry any rights to dividends;

  5.  

    (e)     state whether the employee shares would, if the company were wound up, confer any rights to participate in the distribution

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