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Demerger dividend

Last updated 12 August 2012

You do not have to include any amount in your 2011-12 tax return for this demerger dividend component.

TCNZ shareholders are taken to have received a demerger dividend equal to the dividend component of the demerger distribution, in respect of their TCNZ shares.

The distribution amount was NZ$0.4575 per TCNZ share.

This means you received a demerger dividend amount of A$0.3379 per TCNZ share (NZ$0.4575 divided by the exchange rate of $1.3536).

The demerger dividend amount is not assessable income or exempt income.