Alinta Tax Guide
The following documents have been prepared to provide Babcock & Brown fund securityholders 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, Babcock & Brown Power, Babcock & Brown Wind Partners 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.
Click here to access Revised Alinta Share Scheme Participant Tax Statement
Click here to access Sample Personalised Tax Statement
Click here to access Alinta Share Scheme Participant Taxation Guide
Scheme Documents
The documents above should be read in conjunction with the Alinta Scheme Booklet – in particular Section 14 of Part B of the Scheme Booklet.
Click here to access Scheme Booklet - Part A
Click here to access Scheme Booklet - Part B
Click here for interactive version of Scheme Booklet
Online Calculator
Click here to access Online Calculator
Alinta / AGL Scheme of Arrangement 2006
Shareholders who acquired their Alinta shares as a result of the merger with AGL in 2006, or held shares in Alinta prior to the merger can access additional information on the Australian Tax Office website that may be of relevance.
Original Alinta shareholders click here
Former AGL Shareholders click here
Reference to ATO class rulings in Alinta Taxation Guide
Please note that the links to the ATO Class Rulings referred to in Section 3 of the Alinta Taxation Guide have changed. The Class Rulings issued by the ATO in relation to the Alinta/AGL Scheme of Arrangement have now been withdrawn.
This does not impact how these Class Rulings apply to the Alinta/AGL Scheme for original Alinta Shareholders and former AGL Shareholders.
Original Alinta Shareholders:
Click here to access Class Ruling 2006/124W
Click here to access the original Class Ruling 2006/124
Former AGL Shareholders
Click here to access Class Ruling 2006/125W
Click here to access the original Class Ruling 2006/125
Tax Advice
Babcock & Brown does not provide individual tax advice. Taxation laws are complex and we recommend that you consult your taxation adviser in relation to the completion of your 2008 income tax return. You cannot rely upon this information in relation to managing your specific tax affairs.
You should obtain your own tax advice in relation to the taxation implications associated with your investments in the Babcock & Brown Funds, BBI EPS, APA and Alinta.
For matters relating to your specific holdings please contact Link Market Services on 1800 774 356 (within Australia) or +61 3 8416 6009 (outside Australia).
The ATO can be contact between 8am and 6pm on 13 28 61 (within Australia) and on +61 2 6216 1111 (outside Australia)
Click here to be directed to the ATO website.
FAQ's
Q. Why have you provided me with a new Alinta Share Scheme Participant Tax Statement (“Statement”) ?
A. Your original Statement (posted to you in late July 2008) had misallocated rounding between the APA fully franked dividend amount (shown at Item I.i. of your Statement) and the Return of Capital (shown at Item I.ii. of your Statement).
The figures on the revised Statement (posted to you in late September 2008) should now equal the amount stated on the Alinta APA Distribution Statement that was posted to you in September 2007.
Q. Is this relevant to me?
A. If you held less than 2,500 Alinta shares, the rounding error will be less than $1.
You should compare the figures in your original Statement to those in your revised Statement to identify whether there are any changes.
Q. What should I do with the Statement that you sent to me in late July 2008?
A. The information in this Statement may be incorrect. You should therefore ignore the information in the Statement.
Q. What are the tax implications if I have already submitted my tax return and relied upon the information included in my original Statement?
A. If you have relied upon the original Statement, the implication is that you may report a slightly higher fully franked dividend amount the Return of Capital figure may be understated This may result in you overstating your dividend income and understating your capital gain. Your taxable income position will only be affected if you elected a CGT discount. Your carried forward capital losses may also be affected if you applied these to your capital gain. Please refer to the Alinta Share Scheme Participant Taxation Guide for further information regarding the tax treatment of the dividend and Return of Capital.
Q. What can I do if I have already submitted my tax return and relied upon the information included in my original Statement?
A. You can lodge an amended assessment request with the ATO to identify the change that may be required to your tax return.
We apologise for any inconvenience caused as a result of the issue identified with your original Statement.