Tax Information
Each Stapled Security in Alinta Energy comprises one unit in Alinta Energy Trust (AET) and one ordinary share in Alinta Energy Limited (AEL) which are stapled together and unable to be separately traded, transferred or sold.
The subscription price comprises the total application price which is payable for one unit in AET and one ordinary share in AEL. As a result, any market price of each Stapled Security will be the combined price of one unit in AET and an ordinary share in AEL.
Each unit in AET and each share in AEL remain separate assets for Australian capital gains tax purposes.
Click here for more information about calculating your cost base for Australian capital gains tax purposes.
Cash flows generated by AET on the loan arrangements with AEL can be utilised to make distributions to the Stapled Securityholders which may include returns of capital. Until AET has distributed the majority of its contributed capital, distributions may be treated as a return of capital (and not as assessable income) under the current taxation legislation and guidelines. Capital distributions will be clearly noted on the Distribution Statement.
Should the total non-assessable distributions received by an investor exceed the investor's tax cost base for their AET units, the excess will be a capital gain and will be taxed at the investor's marginal tax rate. The gain may be eligible for the CGT discount if derived by an individual or trustee or by a superannuation fund.
Alinta Energy Tax Statement Guide 2009
Further Queries
Should you have any queries relating to your specific security holding or Distribution Statement you can contact Link Market Services Limited on:
Link Market Services Limited:
Telephone: 1800 260 668 (witihin Australia) / +61 2 8280 7619
Email: registrars@linkmarketservices.com.au
Website: www.linkmarketservices.com.au
Advice relating to personal tax issues should be obtained from your stockbroker, solicitor, accountant or other professional advisor.
Alinta Tax Statement Update
Documents have been prepared to provide securityholders in the former Babcock & Brown Managed funds who acquired their securities as a result of holding shares in Alinta at the time of the acquisition by the Consortium comprising Babcock & Brown Infrastructure (now Prime Infrastructure), Alinta Energy (formerly Babcock & Brown Power), Babcock & Brown Wind Partners (now Infigen Energy) and Singapore Power International Pte Ltd, with general information regarding the taxation implications arising from the disposal of their Alinta shares.
All former Alinta shareholders have been sent a personalised tax statement and tax guide. A sample of these documents can be viewed by clicking here.
The online Alinta Share Scheme Participation Tax Calculator can be accessed by clicking here.