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Appendix 4-Recent share transactions

Last updated 5 October 2009

Company

Details of transaction

Advance Property Fund

Takeover

Advance unitholders are taken to have disposed of their units on the date they accepted the Stockland offer (in the period 13 September 2000 to 16 October 2000). For every 2.8 Advance units unitholders received one Stockland stapled security (comprising a unit in Stockland Trust and a share in Stockland Corporation Ltd), $1.10 cash and 0.25 Stockland option to acquire a Stockland stapled security. Scrip-for-scrip roll-over is available to the extent that Advance Property Fund units were exchanged for Stockland Trust units. In working out the value of the ineligible proceeds received by an Advance unitholder, a Stockland share is taken to represent 17 per cent of the market value of a Stockland stapled security.

Amcor Ltd

Non-assessable payment

On 14 April 2000 Amcor shareholders received a return of capital of $1.22 for each Amcor share they held. It was applied to acquire PaperlinX shares. The return of capital is a non-assessable payment, so shareholders who received PaperlinX shares should have reduced the cost base and reduced cost base of their Amcor shares by $1.22 per share.

AMP Ltd

Demutualisation

Acquisition cost for AMP Ltd shares was $10.43 per share and acquisition date was 20 November 1997.

BHP Ltd

Non-assessable payment

On 31 October 2000 BHP shareholders received a return of capital of 66 cents for each BHP share held. It was applied to acquire OneSteel shares.

The return of capital is a non-assessable payment, so shareholders who received OneSteel shares should have reduced the cost base and reduced cost base of their BHP shares by 66 cents per share.

Boral Ltd

Demerger

Origin Energy Ltd (formerly called Boral Ltd) shareholders received one new Boral Ltd share for every 2 old Boral Ltd shares held.

Acquisition cost of the new Boral Ltd shares was $3.16 per share and the acquisition date was 1 March 2000.

Coca-Cola Amatil Ltd

Non-assessable payment

On 23 June 1998 Coca-Cola Amatil shareholders received a return of capital of $3.86 for each Coca-Cola Amatil share they held. It was applied to acquire Coca-Cola Beverages shares.

The return of capital is a non-assessable payment, so shareholders who received Coca-Cola Beverages shares should have reduced the cost base and reduced cost base of their Coca-Cola Amatil shares by $3.86 per share.

Coca-Cola Beverages Ltd

Demerger

Coca-Cola Amatil Ltd shareholders were entitled to one Coca-Cola Beverages share for each Coca-Cola Amatil share held.

Acquisition cost of Coca-Cola Beverages shares was $3.86 per share and the acquisition date was 23 June 1998.

Coca-Cola Amatil Ltd

Non-assessable payment

On 10 August 2001 Coca-Cola Amatil Ltd made a return of capital of 40 cents per share.

The return of capital is a non-assessable payment, so shareholders in Coca-Cola Amatil Ltd should reduce their cost base and reduced cost base by 40 cents, the amount of the return of capital.

Commonwealth Bank of Australia Ltd

Public share offer

For the first instalment: Acquisition date and indexation available from 13 July 1996. For the final instalment: Indexation applied from the date of receipt by the trust of the payment due on 14 November 1997 or of the discounted sum paid earlier.

FH Faulding & Co Ltd

Takeover

Mayne offered FHF shareholders 3 alternative forms of capital proceeds for each FHF share: shares in Mayne; cash and shares in Mayne; or cash and an unsecured note.

Full scrip-for-scrip roll-over was available for those who chose the first option and partial roll-over was available for those who chose the 2nd option. There was no roll-over for those who chose the 3rd option.

See Class Ruling CR 2001/ 39-Income tax: capital gains: scrip-for-scrip roll-over: proposed takeover of FH Faulding & Co Limited by the Mayne Nickless Limited Group for further information.

Howard Smith Ltd

Takeover

Wesfarmers Retail Pty Ltd offered Howard Smith Ltd shareholders $13.25 cash and 2 Wesfarmers Ltd shares for every 5 Howard Smith Ltd shares owned.

Partial scrip-for-scrip roll-over was available for shareholders who chose that option. No roll-over was available to the extent that cash was received.

See Class Ruling CR 2001/ 51-Income tax: capital gains: scrip-for-scrip roll-over: acquisition of Howard Smith Limited by Wesfarmers Retail Pty Ltd, a 100% owned subsidiary of Wesfarmers Limited for further information.

HIH Insurance Ltd

Declaration shares worthless

Liquidators' written declaration made on 10 October 2001 enabled shareholders of HIH Insurance Limited to choose to make a capital loss equal to the reduced cost base of the share under CGT event G3.

Just Jeans Group Limited

Share buy-back

The buy-back price of $1.35 includes 88 cents per share return of capital and 47 cents per share as a fully franked dividend.

See Class Ruling CR 2001/ 48-Income tax: share buy-back: Just Jeans Group Limited for more information.

Normandy Mining Ltd

Takeover

With regards to the availability of scrip-for-scrip roll-over, Newmont has announced that at the time the bid closed it had acquired 96 per cent of Normandy's outstanding shares and would move to compulsorily acquire the balance. Accordingly, a partial scrip-for-scrip roll-over should be available. Roll-over will not be available to the extent that the Normandy shareholders received cash for their shares.

NRMA Insurance Group Ltd (NIGL)

Demutualisation

Acquisition cost of NIGL shares allocated to shareholders was $1.78 per share. 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.

OneSteel Ltd

Demerger

BHP shareholders received one OneSteel Ltd share for every 4 BHP shares held.

Acquisition cost of OneSteel shares received through the demerger was $2.64 per share and acquisition date was 31 October 2000.

Origin Energy Ltd

Non-assessable payment

On 1 March 2000 shareholders in Origin Energy Ltd (formerly called Boral Ltd) received a return of capital of $3.16 for each Origin Energy share (or $1.58 for each old Boral Ltd share) held. It was applied to acquire the new Boral Ltd shares.

The return of capital is a non-assessable payment, so shareholders who received new Boral Ltd shares should have reduced the cost base and reduced cost base of their Origin Energy shares by $3.16 per share.

PaperlinX Ltd

Demerger

Amcor shareholders were entitled to one PaperlinX share for every 3 Amcor shares they held. For each Amcor share they held, they received a return of capital of $1.22 which was applied to acquire PaperlinX shares.

Acquisition cost of PaperlinX shares received during the demerger was $3.66 per share and acquisition date was 14 April 2000.

Ranger Minerals Ltd

Non-assessable amount

On 14 February 2002 all registered ordinary shareholders at the 'record date' received a 79 cents per share return of capital in addition to a fully franked dividend of 11 cents per share. If the return of capital does not give rise to a capital gain, it will at least reduce the cost base of a share.

See Class Ruling CR 2002/ 6-Income tax: return of capital by Ranger Minerals Ltd for more information.

Santos Ltd

Share buy-back

Shareholders are taken to have been paid a dividend of the difference between the buy-back price received and $2.63. Shareholders received $2.63 as consideration for the disposal of a share as well as a $3.64 fully franked dividend. The disposal date was 4 December 2001.

See Class Ruling CR 2001/ 69-Income tax: off-market share buy-back by Santos Ltd and Class Ruling CR 2001/ 70-Income tax: preference share issue (Santos Ltd reset, convertible preference shares) for more information.

St George Bank Ltd

Sell-back rights

On 19 February 2001 St George Bank Limited (SGL) granted to a trustee one right for every 20 shares held by shareholders at 23 January 2001. The rights were issued at no cost to shareholders. Each right conferred on the holder a put option to require SGL to purchase from the holder of the right one SGL share at $16.50.

The market value on 19 February 2001 of each right ($1.89) formed part of the ordinary income of the shareholders. The income was derived on 19 February 2001.

Shareholders who did not apply to take up the right received an amount of $2.12 for each right granted. In addition to the ordinary income, they also made a capital gain of 23 cents per right ($ 2.12 -$1.89).

Shareholders who had rights transferred to them but failed to exercise them received an amount of $3.12 for each right. In addition to the ordinary income, they also made a capital gain of $1.23 per right ($ 3.12 -$1.89).

Shareholders who sold the rights on the Australian Stock Exchange made a capital gain = proceeds -($ 1.89 + incidental disposal costs) on the disposal of the rights, in addition to the ordinary income (of $1.89).

Shareholders who exercised the right to sell the shares back to SGL can include the $1.89 in the cost base of their shares. The capital proceeds for each share was $16.50.

See Class Ruling CR 2001/ 75-Income tax: capital gains: St George Bank Limited share buy-back and issue of sell-back rights for more information.

Suncorp-Metway Ltd

Exchange of Series 1 Exchanging Instalment Notes (EINs)

Suncorp-Metway Ltd shares received in exchange for Series 1 EINs were acquired on 1 November 1999. Their acquisition cost was $8.20 per share.

Suncorp-Metway Ltd

Exchange of Series 2 Exchanging Instalment Notes (EINs)

Suncorp-Metway Ltd shares received in exchange for Series 2 EINs were acquired on 31 October 2001. Their acquisition cost was $13.34 per share.

TAB Limited

Share buy-back

On 21 March 2002 TAB Limited announced a share buy-back. The capital proceeds received were $2.35.

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 for more information.

Telstra

Public share offer 1

For the first instalment: Acquisition of shares was on (and indexation available from) 15 November 1997.

For the final instalment: Indexation applied from the date of receipt by the trust of the payment due on 17 November 1998.

Public share offer 2

For the first instalment: Date of acquisition was 22 October 1999 if the instalment receipts were purchased through the offer. No indexation applied because acquisition was after 21 September 1999.

For the final instalment: No indexation applied as above.

QC27417