Company |
Details of transaction |
---|---|
AMP Ltd |
Demutualisation Demerger |
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 post-CGT BHP Steel shares. In November 2003, BHP Steel Limited changed its name to BlueScope Steel Limited. |
Commonwealth Bank |
Public share offer For the final instalment: Indexation also applied from 13 July 1996. Share buy-back The capital proceeds are $13.92 per share – that is, the amount of proceeds actually received ($11.00) plus the amount by which the tax value exceeded the buy-back price ($2.92). The date the shares were sold under the buy-back was 29 March 2004. If the capital proceeds of $13.92 exceed the cost base of the share, the difference is a capital gain to the shareholder. If $13.92 is less than the share's reduced cost base, the difference is a capital loss. |
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 post-CGT Rinker shares. See Class Ruling CR 2003/10 Income tax: Special Dividend, Capital Reduction and Related Scheme of Arrangement for the Demerger of Rinker Group Limited from CSR Limited. |
Foster's Group Limited |
Share buy-back If the capital proceeds of $1.81 exceed the cost base of the share, the difference will be a capital gain to the shareholder. If $1.81 is less than the share's reduced cost base, the difference will be a capital loss. See Class Ruling CR 2004/16 Income tax: Share buy-back: Foster's Group Ltd. |
Harris Scarfe Holdings Ltd |
Liquidator declares shares worthless |
HIH Insurance Ltd |
Liquidator declares shares worthless |
Insurance Australia Group (IAG) Limited |
Share purchase plan There are no CGT consequences at the time of purchase. However, there are taxation consequences in relation to owning and disposing of the shares you purchase. Share buy-back The buy-back was expected to be completed before 30 June 2004. Therefore, shareholders who took part will need to find out what the consequences are so they can meet any 2003–04 CGT obligation. |
IOOF Ltd |
Demutualisation |
MIM Holdings Ltd (MIM) |
Takeover No rollover was available to MIM shareholders. |
Mincor Resources |
Demerger Mincor has advised that Tethyan Copper Company represented 9.582% of the market value of the group as a whole just after the demerger. Shareholders who received Tethyan Copper Company shares should use this percentage to apportion the sum of the cost bases of their Mincor shares between these shares and the Tethyan Copper Company shares. See Class Ruling CR 2003/66 Income tax: Capital gains: demerger rollover relief for shareholders: demerger of Tethyan Copper Company Limited from Mincor Resources NL. |
NRMA Insurance Group Ltd (NIGL) |
Demutualisation Acquisition date was 19 June 2000. For additional shares purchased through the facility, acquisition cost was $2.75 and acquisition date was 6 August 2000. |
One.Tel Ltd |
Liquidator declares shares worthless |
Over 50s Mutual Friendly Society Limited (OFM Ltd) |
Demutualisation |
Pasminco Limited |
Statement that shares are worthless not made by liquidator See Class Ruling CR 2002/85 Income tax: Capital gains tax: CGT event G3: Pasminco Limited (subject to deed of company arrangement). See Budget announcements. Creation of a trust over shares See Tax Determination TD 2004/13 Income tax: capital gains: can CGT event E1 in section 104-55 of the Income Tax Assessment Act 1997 happen to a shareholder in a company in voluntary administration under Part 5.3A of the Corporations Act 2001 who declares a trust over their shares? |
Sonic Health Care Limited – SciGen Limited |
Demerger Sonic has advised that SciGen represented 0.66% of the market value of the group as a whole just after the demerger. Shareholders who received SciGen shares should use this percentage to apportion the sum of the cost bases of their post-CGT Sonic shares between these shares and the post-CGT SciGen shares. See Class Ruling CR 2002/89 Income tax: Dividend, capital reduction and related schemes of arrangement for the demerger of SciGen Limited from Sonic Healthcare Limited. |
TAB Limited |
Share buy-back The amount by which the capital proceeds of $2.35 exceeds the cost base of each share will be a capital gain to the shareholder. If the share's reduced cost base exceeds $2.35, the difference will be a capital loss. The announcement date was 21 March 2002. See Class Ruling CR 2002/16 Income tax: Share buy-back: TAB Limited. |
Telstra |
Public share offer 1 For the final instalment: Indexation applied from 15 November 1997. Public share offer 2 For the final instalment: No indexation applied as above. Share buy-back The amount by which the reduced cost base of each share exceeds the capital proceeds of $1.50 will be a capital loss to the shareholder. |
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 post-CGT WMCR shares. See Class Ruling CR 2002/81 Income tax: Demerger rollover relief for shareholders: demerger of WMC Ltd. |
Woolworths |
Share buy-back The amount by which the capital proceeds of $2.88 exceed the cost base of each share is a capital gain to the shareholder. If the share's reduced cost base exceeds $2.88, the difference is a capital loss. |
For more information about share transactions in earlier years, see www.ato.gov.au