Is there a Minimum and Maximum annual limit on the amount I can contribute each year?
Yes, BHP will set a limit for both minimum and maximum amounts each year and advise employees. The minimum contribution amount is USD 200 and the maximum amount is USD 5,000. The maximum and minimum contribution amounts in each payroll currency can be found online at BHPBshareplus.com and also in this guide under the heading “2022 Minimum and Maximum Annual Contribution Limits”.
If you do wish to be enrolled at the maximum amount each year you can choose this option when you enrol either online or via the telephone in April 2022.
Do I make contributions in US Dollars?
No, your contributions will be made in your salary currency.
At the beginning of each plan year we convert the USD amounts to each salary currency. These local currency contribution amounts are online at BHPBshareplus.com and can also be found in this guide under the heading “2022 Minimum and Maximum Annual Contribution Limits”.
Can I choose which currency I would like to make my contributions in?
No, your contributions will be in the same currency as your salary. Payroll will advise the Plan Administrator of your relevant currency.
Do I have to make contributions through my pay?
Yes, all contributions will be deducted from your salary, unless you are prohibited by law from such payroll deductions.
What exchange rates are used to convert the amounts?
The exchange rates used to convert the minimum and maximum US dollar amounts into local currency are based on the first business day of February. The Annual Contribution limits are then fixed in each currency for the rest of the plan year.
How do I know the Minimum and Maximum amounts that I can contribute per pay period?
When enrolling, you will nominate the annual contribution that you wish to make. The maximum and minimum amount in each payroll currency can be found on the web at BHPBshareplus.com and in this guide under the heading “2022 Minimum and Maximum Annual Contribution Limits”. You also have the option of choosing to be on the maximum amount every year.
Can I change my contributions during a plan year?
You cannot change your contributions during a plan year, although you can cease your contributions to Shareplus at any time (subject to compliance with Our Requirements for Securities Dealing standard). Please refer to the Ceasing Contributions Q&A for further information.
What does payroll do with my contributions?
Your payroll will pay your contributions over to the Plan Administrator after the end of each pay period. The Plan Administrator holds the contributions in each payroll currency before converting to the relevant stock exchange currency prior to the purchase of Acquired Shares. Participants have no entitlement to any interest or benefit earned on the contributions (if any) while held by the Plan Administrator.
I work part time. How are my contributions calculated when I participate in the plan?
Your annual contribution limit will be calculated on the same basis as if you work full-time. However, this also means your contribution amount will not be reduced should you reduce your working hours. If you are planning to reduce your working hours during the 2022 contribution period, you will need to take this into consideration when deciding on your annual contribution limit.
Remember that you can cease your contributions to Shareplus at any time (subject to compliance with Our Requirements for Securities Dealing standard). Please refer to the Ceasing Contributions Q&A for further information.
I am on secondment/international relocation/assignment and am being paid from multiple payrolls. Can I choose which payroll to contribute from?
Contributions will be deducted from your host country payroll in your host country currency, unless special circumstances exist which prevents this (e.g. no host payroll facilities). This provides a simple, consistent and transparent policy for all mobile employees across the globe.
I have relocated and changed my salary currency or frequency. What action do I need to take to change my contribution details?
If you relocate during the year, payroll will advise the Plan Administrator of your move on your behalf. You should check your payslips to ensure contributions continue to be deducted from your pay.
If I relocate and change my salary currency, can I choose a new amount to contribute?
No. If you relocate and change your salary currency, your annual contribution rate will simply be applied in your new salary currency (for example, if you were contributing at the maximum in one currency, your contributions will continue at the maximum rate in your new payroll currency).
You can cease your contributions to Shareplus at any time (subject to compliance with Our Requirements for Securities Dealing) by completing a Cease Contributions online form through Shareworks or calling the Plan Administrator directly. Please refer to the Ceasing Contributions Q&A for further information.
Can I make contributions whilst on temporary leave (e.g. paid parental leave, sick leave, long-service leave)?
You can continue to participate if you are on paid leave (e.g. parental, sick or long service leave), or unpaid Parental Leave. Please refer to the Temporary leave Q&A for further information.
Can I make contributions whilst on unpaid leave (e.g. sabbatical)?
Generally speaking, you must receive a salary to make contributions. Unless you are on unpaid Parental Leave, your participation will be suspended for any periods when you do not receive a salary. Please refer to the Temporary leave section of this Q&A for further information. If you complete a Cease Contributions form when you are on unpaid leave you will not be able to participate in or contribute to Shareplus again until the next enrolment period.
Can I make backdated contributions when I return to work?
I believe there is an error with my contributions; is BHP obliged to fix this?
BHP will look at issues on a case by case basis and is not obligated to fix any errors. It is the responsibility of all employees to ensure that the correct contributions are being deducted from their pay and that Acquired Share purchases are being completed for them.
Can I salary sacrifice my contributions?
Does BHP operate a loan scheme?
Can I give you the annual maximum contribution in a lump sum?
When do payroll deductions commence?
Deductions for Shareplus 2022 commence from June 2022.
When do payroll deductions end?
The last payroll deduction for Shareplus 2022 will be at the end of May 2023.
What happens to my contributions if I leave BHP, or cease making contributions?
If the Plan Administrator has been notified by HR Services/payroll of your departure or withdrawal before the next purchase date, no shares will be purchased on your behalf. Instead, the Plan Administrator will refund you your contributions. Please refer to the Leaving section Q&A for further information.