Some major share transactions
Company |
Details of transaction |
---|---|
AMP Ltd |
Demutualisation Demerger If you used the AMP demerger calculator before December 2004, your 'AMP shares - cost base report' may be incorrect if, in the calculation, your two largest share parcels appear one after the other in the report and the difference between the two share parcels is 10 shares or less. See AMP demerger. 2005 return of capital Shareholders needed to reduce the cost base and reduced cost base of each share by $0.40. For each share that had a cost base of less than $0.40, the difference was a capital gain in 2004-05. See our fact sheet AMP 2005 return of capital. |
Australian Co-operative Foods Ltd |
Restructure The CGT consequences are set out in our fact sheet 2004 Australian Co-operative Foods Ltd restructure. |
Australian Gas Light Company Ltd (AGL) |
Return of capital Shareholders needed to reduce the cost base and reduced cost base of each share by $0.50. For each share that had a cost base of less than $0.50, the difference was a capital gain in 2004-05. See our fact sheet Australian Gas Light Company (AGL) 2005 return of capital. |
Bank of Western Australia |
Takeover The shares were disposed of on or about 11 September 2003. If the capital proceeds of $4.25 were more than the cost base of the share, the difference was a capital gain in 2003-04. If $4.25 was less than the share's reduced cost base, the difference was a capital loss. |
BHP Billiton Limited |
Demerger BHP Billiton has advised that BHP Steel represented 5.063% of the market value of the group as a whole just after the demerger. Shareholders who received BHP Steel shares should use this percentage to apportion the sum of the cost bases of their post-CGT BHP Billiton shares between these shares and the BHP Steel shares they received in relation to those post-CGT BHP Billiton shares. The fact sheet 2002 BHP Billiton Group demerger and the demergers calculator on our website at ato.gov.au/demergers (follow the link under 'Shareholder information') will help you work out the cost bases of your BHP Billiton and BlueScope shares after the demerger. 2004 share buy-back For capital gains tax purposes, they are taken to have received $4.04 per share. The date the shares were sold under the buy-back was 23 November 2004. If the capital proceeds of $4.04 were more than the cost base of the share, the difference is a capital gain to the shareholder in 2004-05. If $4.04 was less than the share's reduced cost base, the difference is a capital loss. See our fact sheet BHP Billiton 2004 off-market share buy-back. |
BlueScope Steel Ltd |
2005 share buy-back For capital gains tax purposes, they are taken to have received $4.79 per share. The date the shares were sold under the buy-back was 12 April 2005. If the capital proceeds of $4.79 was more than the cost base of the share, the difference is a capital gain to the shareholder in 2004-05. If $4.79 was less than the share's reduced cost base, the difference is a capital loss. See our fact sheet BlueScope Steel: 2005 off-market share buy-back. |
Coles Myer Ltd |
Share sale facility If the capital proceeds were more than the cost base of the share, the difference was a capital gain to the shareholder in 2003-04. If the capital proceeds were less than the share's reduced cost base, the difference was a capital loss. See our fact sheet Coles Myer Limited 2004 share sale facility. 2005 share buy-back For capital gains tax purposes, they are taken to have received $3.84 per share. The date the shares were sold under the buy-back was 23 May 2005. If the capital proceeds of $3.84 were more than the cost base of the share, the difference is a capital gain to the shareholder in 2004-05. If $3.84 was less than the share's reduced cost base, the difference is a capital loss. See our fact sheet Coles Myer 2005 off-market share buy-back. |
Commonwealth Bank of Australia Ltd |
Public share offer 2004 share buy-back For capital gains tax purposes, they are taken to have received $13.92 per share. The date the shares were sold under the buy-back was 29 March 2004. If the capital proceeds of $13.92 were more than the cost base of the share, the difference was a capital gain to the shareholder in 2003-04. If $13.92 was less than the share's reduced cost base, the difference was a capital loss. See our fact sheet Commonwealth Bank of Australia Ltd: 2004 off-market share buy-back. |
CSR Limited - Rinker Group Limited |
Demerger CSR has advised that Rinker represented 75% of the market value of the group as a whole just after the demerger. Shareholders who received Rinker shares should use this percentage to apportion the sum of the cost bases of their post-CGT CSR shares between these shares and the Rinker shares they received in relation to those post-CGT CSR shares. The demergers calculator on our website at ato.gov.au/demergers (follow the link under 'Shareholder information') will help you work out the cost bases of your Rinker and CSR shares after the demerger. Also see our fact sheet 2003 CSR demerger: impact on resident individual shareholders |
Fosters Group Ltd |
2003 share buy-back Shareholders who took part in the buy-back received $4.00 per share, which included a fully franked dividend of $2.19 per share. The date the shares were sold was 22 December 2003. If the capital proceeds of $1.81 per share was more than the cost base of the share, the difference was a capital gain in 2003-04. If $1.81 was less than the share's reduced cost base, the difference was a capital loss. See our fact sheet Foster's Group Ltd: 2003 off-market share buy-back. |
Grainco Australia Ltd (GAL) |
Takeover In either case, the value received was $1.392 per GAL share they surrendered. Scrip-for-scrip rollover was available on the exchange of Graincorp RPS for GAL shares but not to the extent cash was received. Note: Scrip-for-scrip rollover does not apply to a capital loss. If scrip-for-scrip rollover does not apply and the cost base of the GAL share was more than $1.392, the difference was a capital gain in 2003-04. If $1.392 was less than the share's reduced cost base, the difference was a capital loss. The date the shares were disposed of under the takeover was 1 October 2003. |
Henderson Group PLC (formerly HHG PLC) |
Return of cash and reduction of investor base
There are capital gains tax consequences for shareholders. See our fact sheet HHG PLC capital reduction. |
Hibernian Friendly Society (NSW) Limited (now Aevum Limited) |
Demutualisation See our fact sheet Hibernian demutualisation: impact on shareholders. |
Insurance Australia Group (IAG) Limited |
Share purchase plan There are no CGT consequences at the time of purchase. However, there are tax consequences in relation to owning and disposing of the shares you purchase. 2004 share buy-back The date the shares were sold under the buy-back was 21 June 2004. For capital gains tax purposes, they are taken to have received $2.16 per share. If the capital proceeds of $2.16 were more than the cost base of the share, the difference was a capital gain in 2003-04. If $2.16 was less than the share's reduced cost base, the difference was a capital loss. See our fact sheet Insurance Australia Group Limited 2004 off-market share buy-back. |
IOOF Ltd |
Demutualisation See fact sheet IOOF demutualisation: impact on individual shareholders. |
Jupiters Limited (merger with TABCorp) |
Merger Partial scrip-for-scrip rollover was available where TABCorp shares were acquired. Rollover is not available for the cash amounts received. Note: Scrip-for-scrip rollover does not apply to a capital loss. If scrip-for-scrip rollover does not apply and the cost base of the Jupiter share was more than $11.28, the difference was a capital gain in 2003-04. If $11.28 was less than the share's reduced cost base, the difference was a capital loss. See our fact sheet Jupiters Limited merger with TABCorp Holdings Limited. |
Mayne Group Ltd |
2004 share buy-back The date the shares were sold was 22 March 2004. If the capital proceeds of $3.55 per share was more than the cost base of the share, the difference was a capital gain to the shareholder in 2003-04. If $3.55 was less than the share's reduced cost base, the difference was a capital loss. See our fact sheet Mayne Group Ltd: 2004 off-market share buy-back. |
Mincor Resources NL |
Demerger Mincor has advised that TCC represented 9.582% of the market value of the group as a whole just after the demerger. Shareholders who received TCC shares should use this percentage to apportion the sum of the cost bases of their post-CGT Mincor shares between these shares and the TCC shares they received in relation to those post-CGT Mincor shares. The demergers calculator on our website at ato.gov.au/demergers (follow the link under 'Shareholder information') will help you work out the cost bases of your Mincor and TCC shares after the demerger. See our fact sheet 2003 Mincor Resources NL demerger. |
News Corporation Ltd |
Reincorporation If rollover is chosen, the first element of the cost base of each News Corporation share (including those represented by CDIs) is the sum of the cost base of the two News Corporation Ltd shares they exchanged for it, and shareholders are taken to have acquired their News Corporation shares or CDIs at the time they acquired News Corporation Ltd shares they exchanged for them. See our fact sheet Newscorp reincorporation. |
NRMA Insurance Group Ltd (NIGL) |
Demutualisation The acquisition date was 19 June 2000. For additional shares purchased through the facility, the acquisition cost was $2.75 and the acquisition date was 6 August 2000. |
OPSM Group Ltd |
Takeover The date the shares were disposed of under the takeover was:
If the capital proceeds of $3.80 per share were more than the cost base of the share, the difference was a capital gain in 2003-04. If $3.80 was less than the share's reduced cost base, the difference was a capital loss. |
Over 50s Mutual Friendly Society Limited (OFM Ltd) |
Demutualisation See fact sheet OFM Investment Group Limited (OFM) demutualisation: impact on individual shareholders. |
Pasminco Limited |
Declaration that shares are worthless made by administrators See fact sheet Capital losses on Pasminco Ltd shares. Creation of a trust over shares |
Pivot Ltd |
Merger Shareholders of Pivot who acquired their shares before 20 September 1985 made a capital gain under CGT event K6 if their capital proceeds per share was more than $15.08 and they disposed of them after 28 July 2003. The capital gain is equal to 70% of the difference between the capital proceeds and $15.08. (No capital loss is available under CGT event K6.) See our fact sheet Pivot merger with Incitec - CGT on sale of pre-CGT shares. |
Principal Office Fund (POF) |
Takeover Unit holders who refused the offer had their POF units compulsorily acquired and received $5.70 plus seven IPG stapled securities for every 12 POF units they held. Partial scrip-for-scrip rollover was available where IPG stapled securities were received. Rollover is not available for the cash amounts received. Note: Scrip-for-scrip rollover does not apply to a capital loss. If scrip-for-scrip rollover does not apply, unit holders made a capital gain in 2002-03 or 2003-04 if the cost base of each of their POF units was less than the total value of IPG securities plus the cash they received. Unit holders made a capital loss if the reduced cost base of each of their POF unit was more than the value of IPG securities plus the cash they received for it. The date the POF units were disposed of under the takeover was:
|
Promina Group Ltd |
2005 return of capital Shareholders needed to reduce the cost base and reduced cost base of each share by $0.23. For each share that had a cost base of less than $0.23, the difference was a capital gain in 2004-05. See our fact sheet Promina Group Ltd 2005 return of capital. |
Rio Tinto Ltd |
2005 share buy-back For capital gains tax purposes, they are taken to have received $6.44 per share. The date the shares were sold under the buy-back was 9 May 2005. If the capital proceeds of $6.44 was more than the cost base of the share, the difference is a capital gain to the shareholder in 2004-05. If $6.44 was less than the share's reduced cost base, the difference is a capital loss. See our fact sheet Rio Tinto Ltd 2005 share buy-back. |
Seven Network Ltd |
2004 share buy-back Shareholders who took part in the buy-back received $5.80 per share, which included a fully franked dividend of $2.32 per share. The date the shares were sold was 22 December 2003. If the capital proceeds of $3.48 per share was more than the cost base of the share, the difference was a capital gain in 2003-04. If $3.48 was less than the share's reduced cost base, the difference was a capital loss. See our fact sheet Seven Network Ltd: 2004 off-market share buy-back. |
Telstra |
Public share offer 1 Public share offer 2 2003 share buy-back If the capital proceeds of $1.50 were more than the cost base of the share, the difference was a capital gain in 2003-04. If $1.50 was less than the share's reduced cost base, the difference was a capital loss. 2004 share buy-back Shareholders who took part in the buy-back received $4.05 per share, which included a fully franked dividend of $2.55 per share. The shares sold under the buy-back were disposed of on 14 November 2004. For capital gains tax purposes, they are taken to have received $2.25 per share. If the capital proceeds of $2.25 were more than the cost base of the share, the difference is a capital gain to the shareholder in 2004-05. If $2.25 was less than the share's reduced cost base, the difference is a capital loss. See our fact sheet Telstra 2004: Off-market share buy-back. |
United Energy Ltd |
Takeover The date the shares were disposed of under the takeover was 23 July 2003. If the capital proceeds of $3.15 was more than the cost base of the share, the difference was a capital gain in 2003-04. If $3.15 was less than the share's reduced cost base, the difference was a capital loss. |
Wesfarmers Group Ltd |
Return of capital Shareholders needed to reduce the cost base and reduced cost base of each share by $2.50. For each share that had a cost base of less than $2.50, the difference was a capital gain in 2003-04. See our fact sheet Wesfarmers Group Ltd (Wesfarmers) return of capital. |
Western Mining Corporation Limited - WMC Resources Limited |
Demerger Alumina has advised that WMCR represented 46.30% of the market value of the group as a whole just after the demerger. Shareholders who received WMCR shares should use this percentage to apportion the sum of the cost bases of their post-CGT Alumina shares between these shares and the WMCR shares they received in relation to those post-CGT Alumina shares. The demergers calculator on our website at ato.gov.au/demergers (follow the link under 'Shareholder information') will help you work out the cost bases of your Alumina and WMCR shares after the demerger. Takeover The date the shares were disposed of under the takeover offer was:
If the capital proceeds of $7.85 per share was more than the cost base of the share, the difference is a capital gain in 2004-05. If $7.85 was less than the share's reduced cost base, the difference is a capital loss in 2004-05. See our fact sheet WMC Resources Ltd takeover by BHP Billiton Ltd. Shareholders who did not accept the offer by 17 June 2005 should also see the fact sheet. |
Westfield |
Capital restructure Participants received Westfield Group stapled securities through either a stapling arrangement or a sale facility. They also had the option of receiving cash under the sale facility. The tax consequences of these transactions vary depending on whether the shareholder or unitholder chose the 'cash alternative' or 'exchange by sale alternative' or did nothing. See our fact sheets Westfield Group restructure 2005: Tax consequences for Westfield Limited shareholders; Westfield Group restructure 2005: Tax consequences for Westfield Trust unitholders; Westfield Group restructure 2005: Tax consequences for Westfield America Trust unitholders. |
Westpac Banking Corporation |
Share buy-back For capital gains tax purposes, they are taken to have received $7.21 per share. The date the shares were sold under the buy-back was 21 June 2004. If the capital proceeds of $7.21 were more than the cost base of the share, the difference was a capital gain to the shareholder in 2003-04. If $7.21 was less than the share's reduced cost base, the difference was a capital loss. See our fact sheet Westpac Banking Corporation Ltd 2004 off-market share buy-back. |
To get a copy of a fact sheet referred to in this appendix, visit our website or, if you do not have internet access, phone our Publications Distribution Service on 1300 720 092.
Fact sheets may be on our website which do not appear in the table above.
For more information about share transactions in earlier years, visit our website.