Infigen Securityholders receive a Distribution Statement each time Infigen pays a distribution and an annual taxation statement once a year.
In addition, Infigen prepares a Taxation Statement Guide once a year. The purpose of the Guide is to provide Securityholders in Infigen with general information regarding the tax implications arising from the receipt of the relevant year's distributions from Infigen.
2011 INFORMATION
The 2011 distribution paid by IET represents a 'tax deferred' amount. As such, for the majority of Securityholders, the information on your 2011 annual taxation statement should not be disclosed on your 2011 income tax return. The information on your 2011 annual taxation statement will be relevant if and when you dispose of any of your securities in Infigen.
The Taxation Statement Guides are intended to assist Securityholders in meeting their Australian tax compliance obligations. Securityholders are not entitled to rely on information contained in the Guides in relation to managing their specific tax affairs and should obtain their own tax advice in relation to the taxation implications associated with their investment in Infigen.
The 2011 Taxation Statement Guide includes general information concerning the tax implications of receiving the 2011 distribution from IET.
Click herefor the 2011 Taxation Statement Guide.
DISTRIBUTION REINVESTMENT PLAN
Participation in the Infigen Energy Distribution Reinvestment Plan (DRP) for a distribution gives rise to two separate transactions for income tax purposes; firstly, the receipt of a distribution and secondly, a subscription for new stapled securities.
The tax implications associated with receiving the distribution as described above are relevant in respect of the first transaction.
With respect to the issue of new stapled securities, participants in the DRP are taken to have acquired their securities on the date of their issue. The amount paid for the acquisition of the securities (which will become the cost base of the securities for tax purposes) is taken to be the amount of the distributions that would otherwise have been paid to the securityholder.