The proposed changes include reversing the changes made in 2009. The information on this seems to suggest this may be limited to just the reversal of the taxing point for options.
The integrity provisions introduced in 2009 and the $1,000 up-front tax concession for employees (who earn less than $180,000 per year) will be retained.
Again EOA in conjunction with it listed Inner Circle Group has made submissions to help with the consultation process. This submission will be online in the New Year.
The Government also announced that the Treasurer will consult with industry to ensure that the draft legislation delivers the intended outcome. The changes are proposed to commence from 1 July 2015.
You can read the full announcement here.