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  • Can you use these worksheets?

    You can use these worksheets if, at the time of the acquisition:

    • you were a taxpayer who was an Australian resident for tax purposes
    • you were a PBL shareholder and your shares were disposed to Crown
    • you were not eligible (under Subdivision 130-D of the Income Tax Assessment Act 1997) to have any capital gain you made on the shares as a result of the acquisition disregarded - this is relevant only to shareholders who acquired their PBL shares under an employee share scheme, and
    • any gain or loss you made on your PBL shares was a capital gain or capital loss - this means that you held your shares as an investment asset rather than:
      • as trading stock
      • as part of carrying on a business, or
      • to make a short-term or one-off commercial gain.
      Last modified: 06 Oct 2009QC 20607