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  • St George Westpac merger - fact sheet


    This page contains information about the merger of St George Bank Limited (St George) with Westpac Banking Corporation (Westpac) on 1 December 2008.

    This information applies to you if:

    • you are an individual not a company or trust
    • you are an Australian resident for tax purposes
    • you held ordinary shares in St George, which participated in the merger with Westpac in 2008
    • you did not acquire your shares under an employee share scheme, and
    • any gain or loss you made on the shares is a capital gain or capital loss - this means that you held your shares as an investment asset, not:  
      • 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 2010QC 21912