A formalism for spin observables of the reaction $pdto ~^3Heeta$ is derived in a model independent way. The general case with a full set of six independent spin amplitudes is studied. Furthermore, approximations by five and four spin amplitudes are investigated in the near threshold region. This region is of great interest to search for a quasi-bound $^3He-eta$ state, in particular, by measurement of energy dependence of relative phases of s- and p-wave amplitudes. Complete polarization experiments, allowing determination of spin amplitudes, are analyzed. It is shown that measurement of only analyzing powers and spin correlation coefficients hardly allows one to separate the s- and p-wave amplitudes, but additional measurement of polarization transfer coefficients simplifies this problem. Specific observables, given by products of one s- and one p-wave amplitudes, are found. Measurement of these observables will provide new independent information on the $^3He-eta$ pole position.