Company |
Details of transaction |
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AMP Ltd |
Demutualisation 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. |
Aristocrat Leisure Ltd |
2005 return of capital Shareholders needed to reduce the cost base and reduced cost base of each share by $0.21. For each share that had a cost base of less than $0.21, the difference was a capital gain in 2005-06. See our fact sheet Aristocrat Leisure Limited (Aristocrat): 2005 return of capital. |
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) return of capital. |
Aviva Corporation Ltd |
Demerger The fact sheet 2004 Aviva Corporation Ltd demerger and the demergers calculator will help you work out the cost bases of your Aviva and NGM shares after the demerger. |
BHP Billiton Ltd |
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 www.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. 2006 share buy-back For capital gains tax purposes, they are taken to have received $5.96 per share. The date the shares were sold under the buy-back was 3 April 2006. If the capital proceeds of $5.96 were more than the cost base of the share, the difference is a capital gain to the shareholder in 2004-05. If $5.96 was less than the share's reduced cost base, the difference is a capital loss. See our fact sheet BHP Billiton 2006 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 Limited: 2005 off-market share buy-back. |
Coles Myer Ltd |
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 |
CSR Limited - Rinker Group Ltd |
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 will help you work out the cost bases of your Rinker and CSR shares after the demerger. Also see our fact sheet 2003 CSR Ltd demerger. |
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) Ltd (now Aevum Ltd) |
Demutualisation |
Insurance Australia Group (IAG) Ltd |
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. |
IOOF Ltd |
Demutualisation |
Mayne Group Ltd |
Demerger Mayne Group has advised that Mayne Pharma represented 44.217% of the market value of the group as a whole just after the demerger. Shareholders who received Mayne Pharma shares should use this percentage to apportion the sum of the cost bases of their post-CGT Mayne Group shares between these shares and the Mayne Pharma shares they received in relation to those post-CGT Mayne Group shares. The fact sheet 2005 Mayne Group Ltd (renamed Symbion Health Ltd) demerger and the demergers calculator will help you work out the cost bases of your Mayne Group and Mayne Pharma shares after the demerger and to work out whether have made a capital gain under the demerger. |
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 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. |
Minotaur Resources Ltd |
Demerger and takeover For every Minotaur share owned, shareholders received one MinEx share. In conjunction with the demerger, Oxiana Ltd (Oxiana) and Minotaur shareholders agreed to a takeover of Minotaur. Under the takeover, Minotaur shareholders received 1.85 new Oxiana shares for each of their Minotaur shares. The fact sheet 2005 Minotaur Resources Ltd demerger and the demergers calculator will help you work out the cost bases of your MinEX and Oxiana shares after the demerger and to work out whether you have made a capital gain under the demerger. |
MPI Mines Ltd |
Demerger and takeover In conjunction with the demerger, LionOre Australia Pty Ltd (LionOre) made a takeover offer for MPI shares. Under the takeover, MPI shareholders were offered $1 and 0.1675 of a LionOre share (in the form of a CHESS Depository Interest) for each of their MPI shares. The takeover offer was accepted by the majority of shareholders. Those who did not accept the offer then had their MPI shares compulsorily acquired by LionOre. Our fact sheet 2004 MPI Mines Ltd demerger and takeover - Impact on resident individual shareholders will help you work out the tax consequences of both the demerger and takeover. |
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 the 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. |
Over 50s Mutual Friendly Society Limited (OFM Ltd) |
Demutualisation |
Pasminco Ltd |
Declaration that shares are worthless made by administrators See our 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. |
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 (Promina) 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: 2005 off-market share buy-back. |
Telstra |
Public share offer 1 Public share offer 2 |
Virtualplus Holdings Ltd |
Demerger The demerger involved a return of capital of $0.02162 per share in VHL. This amount was compulsorily applied as a consideration for the acquisition of shares in NHL. VHL shareholders were entitled to one NHL share for every 10 of their VHL shares. The fact sheet 2005 Virtualplus Holdings Ltd demerger and the demergers calculator will help you work out the cost bases of your VHL and NHL shares after the demerger and to work out whether you have made a capital gain under the demerger. |
Western Mining Corporation Ltd - WMC Resources Ltd |
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 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 Limited 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 unit holder chose the 'cash alternative' or 'exchange by sale alternative' or did nothing. See our fact sheets Westfield Group (Westfield) 2004 Capital Restructure - Tax consequences for Westfield Limited shareholders; Westfield Group 2004 Restructure - Tax consequences for Westfield Trust unit holders; Westfield 2004 Capital Restructure - Tax consequences for Westfield America Trust unit holders. |
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 fact sheets about demergers, select 'For Businesses', then click on 'Large Corporates and Multinationals homepage'. From the menu on the left, under 'Tax topics explained', select 'Demergers' and click on 'Shareholder information'.
For fact sheets on other issues, such as restructures and returns of capital, select 'Individuals' and then click on 'Capital gains tax'. Click on 'Publications' or on 'Special circumstances' to get fact sheets.
For more information about share transactions in earlier years, visit our website.