PARTICIPATING
IN MYSHARE
Everything you need to know.
Joining the Plan
MyShare is an annual Plan which starts on 1 July each year, with deductions of contributions starting the first pay period in July. If you're an eligible employee, you can enrol in the plan by completing the form on the Enrol page during an enrolment period. There are two enrolment periods each year - May and November.
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If you enrol in the Plan during the second enrolment period in November, your contributions will start in the first pay period in January. The maximum and minimum contributions (weekly or fortnightly) will apply. For more information, please read the Contributions and limits section below.
Ongoing participation in MyShare
Once you’ve enrolled in MyShare, you’ll be automatically re-enrolled in the following year’s Plan at the same contribution rate unless you opt out.
Leaving MyShare (but staying with MinRes)
You can leave the Plan and cease your contributions to MyShare at any time by completing a Cease Contributions form. For more information, see the Ceasing Contributions section of our FAQs.
Your Acquired Shares will continue to be held in the Plan and you'll receive your Matched Shares at the end of the Holding Period.
If you stop making contributions to the Plan at any time during the financial year you cannot join the Plan again until the next enrolment period (generally May and November). For example, if you cease contributions to MyShare in August, you won't be able to re-join MyShare until November.
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If you are leaving MinRes, further information can be found on the Leaving MinRes page.
Contributions and limits
MinRes will set a limit for both minimum and maximum amounts each year. The minimum annual contribution amount is $1,000 and the maximum amount is $5,000.
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When enrolling, you’ll nominate one of the below contribution amounts to be deducted from your fortnightly pay. The fortnightly and annual contributions amounts are as follows:
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If you are not in the Plan for the full financial year, you will not be able to contribute the maximum $5,000. For example, if you enrol in November you will participate for six months of the Plan year and therefore contribute a minimum of $500 up to a maximum of $2,500.
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You can only change your contributions during an enrolment period in May or November. However, you can cease your contributions to MyShare at any time by completing the Cease Contributions form. Please refer to the Ceasing Contributions FAQs for more information.
There are no extra actions required from you as Payroll will provide your contributions to the Plan Administrator at regular intervals. The Plan Administrator then purchases the Acquired Shares and will record them on our employee share portal, EquatePlus. Your login details for EquatePlus will be emailed to you shortly after the first purchase of shares has been made.
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If you work part-time, your contribution is not pro-rated, it will be calculated on the same basis as if you work full-time. However, this also means your contribution amount will not be reduced if you reduce your working hours. If you're planning to reduce your working hours during a Plan year, you'll need to take this into consideration when deciding on your annual contribution limit.
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You must receive a salary to make contributions to MyShare. You can continue to participate if you're on paid leave (such as parental, sick or long service leave). Your participation in MyShare will be suspended for any periods when you don't receive a salary, for example you won't be able to participate while on any form of unpaid leave.
Check out our FAQs for more information.
Share purchases
Your Acquired Shares are purchased using the contributions that have been deducted from your pre-tax salary each pay period.
Payroll will collect your contributions and transfer them to the Plan Administrator on a quarterly basis each year. The Plan Administrator will then purchase shares as soon as practically possible after the end of each quarter - usually during the first weeks of October, January, April and July.
The share price used to calculate your Acquired Shares is the share price that is paid for the shares on the Australian Stock Exchange (ASX) at the time of purchase.
Check out our FAQs for more information.
Matched shares
You'll receive one Matched Share for every Acquired Share you hold at the end of the Holding Period which will be allocated as soon as practicable after the end of the Holding Period.
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For MyShare FY23, this will occur shortly after 1 July 2024
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For MyShare FY24, this will occur shortly after 1 July 2025
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No Holding Period applies to Matched Shares and if you wish, you can sell your Matched Shares immediately after they've been awarded to you.
Remember, when dealing with any shares, you must ensure that you comply with our Securities Trading Policy.
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Check out our FAQs for more information.