Are there any tax consequences for me?

There are two consequences:

• The cancellation of your TNCL shares is a capital gains tax (CGT) event that may have resulted in a capital gain for you. Depending on the outcome, you may have to include some information in your 2004-05 tax return (if roll-over does not apply).
   
• You must work out the cost base of your new NC CDIs (or shares).