If you were a Securityholder in Alinta Energy, you own shares in an Australian company, Alinta Energy Limited (AEL) and units in a trust which was an Australian registered scheme, Alinta Energy Trust (AET). The share in AEL and the unit in AET formed a ‘Stapled Security’ and could not be separately dealt with or traded. Each share in AEL and each unit in AET remained as separate assets for Australian capital gains tax purposes.
To calculate your cost base for each separate capital gains tax asset, you will need to split the acquisition cost of each Stapled Security between the two assets. This split needs to be done on a reasonable basis. While it is for you to decide how to split the acquisition cost of your Stapled Securities, you might decide to use the relative net assets of AEL and AET at the date of acquisition of your Stapled Securities to do this. The relative net assets of AEL and AET at various dates are set out below:
The taxation consequences of any investment in Alinta Energy Stapled Securities depends on your particular circumstances. Alinta Energy Securityholders should obtain their own tax advice in relation to the taxation implications associated with their investment in Alinta Energy.
Proportion of Net Assets of AEL and AET
|AEL Net Assets||AET Net Assets %|
|11 December 2006 (IPO)||30.00%||70.00%|
|31 December 2006||34.53%||65.47%|
|30 June 2007||32.24%||67.76%|
|31 December 2007||37.11%||62.89%|
|30 June 2008||21.57%||78.43%|
|30 June 2009||0.01%||99.99%|
|31 December 2009||0.01%||99.99%|
|30 June 2010||0.01%||99.99%|
|31 December 2010||0.01%||99.99%|