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 (now called 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.
- 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
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.
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 The Class Rulings issued by the ATO in relation to the Alinta/AGL Scheme of Arrangement have now been withdrawn.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:
Former AGL shareholders:
Frequently Asked Questions
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.