Employee share schemes - answers to frequently asked questions by employees

28. What is a cessation time for stapled securities or rights to acquire stapled securities?

The events that trigger a cessation time for qualifying shares and rights also apply to stapled securities and rights to acquire stapled securities. Refer to question 16 for a list of the events that can trigger a cessation time.

In addition, stapled securities and rights to acquire stapled securities have two more events that will trigger a cessation time:

• when any part of the stapled security ceases to be stapled together
• when the stapled security ceases to be listed for quotation on the official list of the Australian Securities Exchange as a stapled security.

Sections within Questions about stapled securities and rights to acquire stapled securities

• 25. What are stapled securities?
• 26. What are the tax implications of acquiring stapled securities, or rights to acquire stapled securities, from an employee share scheme?
• 27. What is a qualifying stapled security or a qualifying right to acquire a stapled security?
• 28. What is a cessation time for stapled securities or rights to acquire stapled securities?
• 29. What are the CGT implications when I dispose of stapled securities or rights to acquire stapled securities that I acquired from an employee share scheme?