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Promina Group Limited (Promina) return of capital

Outlines the tax consequences of participation in the 25 Promina return of capital.

Last updated 5 October 2009


This page contains information about the return of capital Promina Group Limited (Promina) made to shareholders in 2005.

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 shares in Promina and received the return of capital in June 2005
  • 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.