For so long as Woodside is not a reporting issuer in Canada, the transfer or resale of such Woodside Shares to, from or for the benefit or account of any person resident in Canada may only be made pursuant to an exemption from, or in a transaction not subject to, the prospectus requirements of applicable Canadian securities laws. It is the merger of Woodside Petroleum (WPL) with the oil and gas assets of BHP to create a global top 10 independent energy company by production. For shareholders on the South African branch share register, if you do not communicate to your CSDP that you are an Eligible SA Shareholder (as defined below), you will be assumed to be ineligible. No offer of securities of Woodside to the public is made, or will be made, that requires the publication of a prospectus pursuant to Irish prospectus law (within the meaning of section 1348 of the Companies Act 2014 of Ireland) in general, or in particular pursuant to the EU Prospectus Regulation. Does the BHPXF investment need to be created? If a BHP shareholder holds one or more parcels of BHP shares or DIs as a trustee or nominee for, or otherwise on account of, another person, that BHP shareholder may make separate elections in accordance with the election process in respect of each of those parcels. Woodside Energy Group Ltd (WDS) is listed on the Australian Securities Exchange (ASX), with secondary listings on the This may vary depending on the BHP register as at the Record Date and could also be lower where South African BHP shareholders validly elect to receive the Woodside Shares to which they are entitled. Were sorry, this feature is currently unavailable. Woodside said it would issue new shares to BHP shareholders in exchange for the mining giants petroleum business. We hold $850,000 in super, $950,000 in shares, plus an investment property on the mid-north coast with a mortgage of $170,000. to satisfy the "holding period rule", you must have held your BHP shares "at risk" for at least 45 days (not including the days of acquisition and disposal) within the qualification period (which begins on the day after the day on which they are acquired and ends on the 45th day after they become ex-dividend). Please try again. Can be up to $29.75 difference. f3h;xt[N*OJisO~*9gr_z~/\I!MZPE|qB Employees who continue to be employed by BHP will not receive the in specie dividend in respect of any unvested equity award or matching entitlement, and the value of the underlying BHP share to which they will receive on vesting will be reduced as a result of the in specie dividend that has been determined. Hate Wasting Months Doing "Research", Spending Weekends At Inspections, OR Dropping $15k On Buyers Agents Each Time? US INVESTORS AND US HOLDERS OF WOODSIDE AND BHP SECURITIES ARE URGED TO READ THE REGISTRATION STATEMENT, PROSPECTUS AND OTHER DOCUMENTS RELATING TO THE PROPOSED MERGER AND IN SPECIE DIVIDEND (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS) THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT WOODSIDE, BHP, THE PROPOSED MERGER AND IN SPECIE DIVIDEND. Completion of the Merger occurred on 1 June 2022. Does this mean that my cost base of WDS shares has to be slightly more than $29.76 to have Lloydys transactions balance? Is there anyone who can give me the actual numbers for the BHP spinoff that I can enter into Quicken? As we noted; a brilliant deal, cleverly structured. On completion of the Merger, the combined company is expected to have a high margin oil portfolio, long life LNG assets and the financial resilience to help supply the energy needed for global growth and development over the energy transition. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-up of Woodside's dividend reinvestment plan, factored into the 914.8 million of Woodside shares issued to BHP at completion. CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. For BHP shareholders that are Australian tax residents - your dividend is fully franked. Vi strvar stndigt mot att bli bttre. The BHP link shared by Greg above (BHP Petroleum merger with Woodside | BHP) does shed some light on the accounting treatments needed for this corporate action. In order to make separate elections, the trustee or nominee must establish distinct holdings by 5:00pm on 24 May (AEST) on the BHP Australian principal share register or by 6:00pm on 26 May (BST) on the BHP DI register in respect of each parcel of BHP shares or DIs and must make a separate election in respect of each such parcel of BHP shares or DIs. I have a question regarding cash held in the fund. (If it kept them, it wouldnt achieve its decarbonisation and sustainability objectives). ), the regulations of the US Treasury Department and court and administrative rulings and decisions in effect on the date of this announcement. I suggest you keep the investment property with an interest-only mortgage, to maintain any tax benefits it may be giving you. Generally, the market sees that the merger is a win for Woodside and while not a loss for BHP, its motive is around ease of exit rather than gaining a financial advantage. No offer of securities of Woodside to the public is made, or will be made, that requires the publication of a prospectus pursuant to Irish prospectus law (within the meaning of section 1348 of the Companies Act 2014 of Ireland) in general, or in particular pursuant to the EU Prospectus Regulation. A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). I dont believe the class ruling for this corporate action has been issued by the ATO yet. info@strandgatan.com, Sn Tors 10.00 22.00 This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. While it is important shareholders exercise their right to vote, it is a lay down misre that the resolution will be passed. Financial results and Operational Reviews, Operational (Scope 1 and 2) decarbonisation, Value chain (Scope 3) greenhouse gas emissions, Carbon offsets and natural climate solutions, Our Global Inclusion and Diversity Council. BHP DI holders holding through the BHP CSN Facility will be treated as eligible to participate. Accordingly, no part of the in specie dividend should be assessable to you in Australia nor subject to dividend withholding tax (, an exemption from income tax in the hands of BHP shareholders who constitute South African corporate shareholders on the basis that the BHP shares in respect of which the foreign dividend is paid are listed on the JSE; and. All investors should therefore consider the appropriateness of the advice, in light of their own objectives, financial situation and/or needs, before acting on the advice. Because while the world relies on the resources we find, BHP relies on people like you. However, the trustee or nominee may not accept instructions from an underlying beneficiary to make an election unless it is in respect of all parcels of BHP shares held by the trustee or nominee on behalf of that beneficiary, and the underlying beneficiary has confirmed to the trustee or nominee that its aggregated beneficial and legal holding of BHP shares is less than the Small Shareholder Threshold. Implementing the BHP and Woodside Merger Adding your Woodside shares 1 - On the Hi Leslee BGL support could not tell me why we needed BHPXF ??? Step 1: Go to Transaction List and select Journal to record the Woodside shares and the In-Specie Dividends. [10] BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. Key points include: Merger ratio on completion at 1 June 2022, the merged business will be owned approximately 52 per cent by existing Woodside shareholders and 48 per cent by BHP shareholders. Update on BHP Petroleum and Woodside merger and share distribution information. It is addressed only to the shareholders of BHP in connection with the proposed in specie dividend and participation in the Sale Facility. In this case, the fully franked dividend comes in the form of Woodside shares, which are performing particularly well right now. The purpose of keeping three to four years planned expenditure in cash is to protect you from a situation where you would need to cash in growth assets at a time when the market is having one of its normal downturns. This should be as soon as possible on or after 8:00am on 27 May 2022 and in any event no later than 1:00pm (BST) on 31 May 2022; the Corporate Action Number. Woodside will make a cash payment to BHP of approximately US$830 million in relation to cash dividends paid by Woodside between the Merger effective date of 1 July 2021 As a taxpayer, you will include both the dividend and the franking credits in your assessable income. Woodside will retain its primary listing on the ASX and is seeking a standard listing on the LSE and a sponsored Level III ADR program on the NYSE from completion of the Merger. The franking credits can then be used as a tax offset. At this valuation, which is subject to change, the in specie dividend would be US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total). Maybe your broker's site has a similar feature. In what form will BHP shareholders receive Woodside Shares? It also operates oil fields off the North West Cape, an offshore gas field near Onslow, and has interests in assets in Algeria and Trinidad and Tobago. inclusion of intercompany and cash balances that were excluded from the BHP Petroleum net assets disclosed as 'held for sale' in BHP's half year financial report; additional depreciation expense of approximately US$150 million, as depreciation has not been recognised by the BHP Group from the point in time that BHP Petroleum was classified as 'held for sale' following the signing of the SSA in November 2021; and. Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? This document is being furnished to you on a confidential basis and solely for your information and may not be reproduced, disclosed, or distributed to any other person. Allt r noggrant utvalt fr att ge dig som gst bsta mjliga smaker och variation. , issuing new Woodside shares to BHP shareholders. For most shareholders, there will be rounding down of up to $29.76. Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-up of Woodside's dividend reinvestment plan, factored into the 914.8 million of Woodside shares issued to BHP at completion. BHP shareholders who become new BHP shareholders closer to the cut-off date for submission of elections and who wish to nominate that they are an Eligible SA Shareholder, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit such an election, and by no later than 5.00pm on Tuesday, 24 May 2022 (AEST); Eligible SA Shareholders from the BHP South African branch share register who receive Woodside Shares on the Australian principal share register and who wish to trade these on the ASX in Australia after completion, should verify if their current broking arrangements are suitable, and if not engage a suitable Australian broker to trade on the ASX. As part of completion, BHP has made a net cash payment of approximately US$0.7 billion to Woodside. Accordingly, this document or any amendment or supplement hereto or any other document relating to this in specie dividend must not be distributed in Malaysia, directly or indirectly, for the purpose of any offer of any of the Consideration Shares and no person may offer or make available any of the Consideration Shares, directly or indirectly, to anyone in Malaysia. The closing price of Woodside who are registered on the Australian principal share register and hold 1,000 BHP shares or less or on the BHP DI register and hold 1,000 BHP DIs or less, whose registered address in the Australian principal share register or BHP DI register is in any of Australia, Canada, Chile, France, Germany, Ireland, Japan, Jersey, Luxembourg, Malaysia, New Zealand, Norway, Spain, Sweden, Switzerland, United Arab Emirates and United Kingdom; and. BHP will make a cash payment to Woodside for the net cash flow generated by BHP Petroleum between the Merger effective date of 1 July 2021 and completion (, Last day BHP shares trade on JSE cum-entitlement to Woodside Shares. [18] A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). Choose your network to share this page with. We do this through our strategy to deliver long-term value and returns through the cycle. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". Christine, A more fundamental question from me. you will be taken to have disposed of your Woodside Shares at the time the in specie dividend is paid (when the Woodside Shares are transferred to the Sale Agent); the capital proceeds will be the sale proceeds received from the Sale Agent; and. This announcement does not constitute a prospectus according to Regulation 2017/1129/EU of the European Parliament and of the Council ("EU Prospectus Regulation") and has been prepared on the basis that the transactions described in this announcement do not constitute a public offer within the meaning of the EU Prospectus Regulation. The distribution ratio is 1 Woodside share for every 5.534 BHP shares owned. We can help with complex CGT, Income Tax, and Developer issues. Based on Woodside's share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum is US$23.4 billion. Release Time IMMEDIATE Date 8 April 2022 Release Number 11/22 Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. These are the only market participants who can liaise directly with the STRATE Nominee which allows for electronic settlement of BHP shares on the JSE. Woodside has today published an explanatory memorandum and notice of meeting for the Woodside shareholder vote scheduled for 19 May 2022. The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. On 1 June 2022 (Distribution Implementation Date), BHP exchanged all its shares in BHP Petroleum in exchange for Woodside issuing 914,768,948 shares to BHP. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. 34. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. I intend to follow Lloydys process. It looks like the CA would not give me (us) the answer. Hi Greg, wyf;RA]S1TG/l]d2hy]"^&m6BI}C/ Meet production technician and passionate photographer, Stacey, who works for Operations Services at Daunia mine in Queensland, Australia. To participate in the Sale Facility, Eligible Small Shareholders must make a valid election. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. These laws may change, possibly retroactively, and any change could affect the continuing validity of this discussion. The class rulingapplication is principally concerned with (i) confirming that demerger tax rollover relief will not be available in respect of the in specie dividend (ii) confirming the Australian income tax consequences of receiving the in specie dividend; and (iii) participating in the Sale Facility. a trust (A) the administration of which is subject to the primary supervision of a US court and which has one or more "United States persons" (within the meaning of Section 7701(a)(30) of the Code) who have the authority to control all substantial decisions of the trust or (B) that has made a valid election under applicable US Treasury regulations to be treated as a United States person. Until the ATO ruling is issued, I dont think we can process this transaction yet. Short-term and long-term executive incentive plans, under which employees are granted rights to BHP shares, subject to meeting defined performance and/or service conditions; and. BHP shareholders are expected to be entitled to one Woodside Share for every 5.5340BHP shares they hold on the Record Date. 375 of 2017) (as amended) of Ireland, and the recipients of this document should seek independent legal and financial advice in determining their actions in respect of or pursuant to this document. Financial results and Operational Reviews, Operational (Scope 1 and 2) decarbonisation, Value chain (Scope 3) greenhouse gas emissions, Carbon offsets and natural climate solutions, Our Global Inclusion and Diversity Council. [11] This is also the last date on which BHP shareholders can reposition securities between the Australian principal share register, BHP DI register and BHP South African branch share register. All shareholders and ADS holders of BHP Billiton, including those resident in other jurisdictions not mentioned below, should review Section 8 of the Shareholder Circular and consult with Rather than keep the Woodside shares, BHP has decided to distribute them to its shareholders. Advertisement. Thats the way I will process it as well! It has been prepared without having regard to or taking into account any particular investors objectives, financial situation and/or needs. Inneservering 75 platser Your SMSF may have various income-producing investments, such as shares and possibly rental property. Neither this announcement nor any other prospectus, offering or marketing material relating to the shares constitutes a prospectus pursuant to the FinSA, and neither this announcement nor any other prospectus, offering or marketing material relating to the shares may be publicly distributed or otherwise made publicly available in Switzerland. BHP has applied to the Commissioner of Taxation (, The US taxation summary is based upon the. He shares his three tips on finding FIFO happiness. On a per share basis, it will be equal to the Woodside share price, divided by the merger ratio of 5.534. Shareplus, an all-employee share plan, through which employees contribute funds after tax to purchase BHP shares, and where they hold the purchased shares for a specified length of time and satisfy an employment condition, they will receive an allocation of matched shares at the end of the holding period. It must not be delivered to, or relied on by, any person apart from the shareholders of BHP in connection with proposed in specie dividend and participation in the Sale Facility. Woodside will make a cash payment to BHP of approximately US$830 million in relation to cash dividends paid by Woodside between the Merger effective date of 1 July 2021 and completion. We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. At this valuation, the in specie dividend is approximately A$5.38 (US$3.86), with A$2.30 (US$1.66) of franking credits being distributed, per BHP share. Mobile: +44 7786 661 683, Tel: +1 713 961 8283 The FSRA and the DFSA have not approved this Exempt Offer document nor taken steps to verify the information set out in it and have no responsibility for it. Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. This information was produced by Switzer Financial Group Pty Ltd (ABN 24 112 294 649), which is an Australian Financial Services Licensee (Licence No. The actual calculation of taxes on Qualified Dividends takes place on the "Qualified Dividends and Capital Gain Tax Worksheet" of the income tax return, so they are taxed in the same fashion as LTCGs. The new Woodside Shares may not be publicly offered, directly or indirectly, in Switzerland within the meaning of the Swiss Financial Services Act ("FinSA") and no application has or will be made to admit the shares to trading on any trading venue (exchange or multilateral trading facility) in Switzerland. By reading this announcement, you agree to be bound by the following limitations and qualifications: (i) this announcement is only intended to provide information on the distribution by BHP to its shareholders of shares of Woodside; (ii) this announcement is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange, purchase or subscribe for, any securities, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law; (iii) this announcement should not be construed in any manner as a recommendation to any reader of this document; and (iv) this announcement is not a prospectus, product disclosure statement or other offering document for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017. Investors are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and the significant uncertainty and disruption caused by the COVID-19 pandemic. A share sale facility will be in place for eligible small BHP shareholders who elect to participate, and for shareholders who are ineligible to receive Woodside Shares. We succeed through the partnerships we build with our suppliers. The values presented here are indicative only and based on certain assumptions. My support call has been escalated to the Product Team. Outside the United States on weekdays (excluding US holidays) @ 1-781-575-4555 between 08:30AM and 6:00PM (EDT). Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition. However, the trustee or nominee may not accept instructions from an underlying beneficiary to make an election unless it is in respect of all parcels of BHP shares held by the trustee or nominee on behalf of that beneficiary, and the underlying beneficiary has confirmed to the trustee or nominee that its aggregated beneficial and legal holding of BHP shares is less than the Small Shareholder Threshold. The Product team is currently looking at this issue. [24] This payment will be made to BHP shareholders participating in the Sale Facility by BHP (through BHP's share registry in Australia or the UK, or their CSDP, as applicable) making a deposit into the bank account recorded with the BHP share registry or CSDP into which their BHP dividends are paid. There will be no change to the cost base of your BHP shares. 375 of 2017) (as amended) of Ireland or otherwise. By reason of the foregoing, if you are in Malaysia, you may not distribute this document to anyone other than your own financial and legal advisors, nor may you make copies of this or any other document you receive, except to the extent necessary to consult with your financial and legal advisors who are advising you in connection with this potential investment (and only so long as such advisors agree to hold this information confidential and not use it for purposes other than advising you in connection herewith). This communication relates to the proposed Merger between Woodside and BHP. Or are qualified dividends always taxed at the same rate as LT cap gains? are subject to the "taxation of financial arrangements" provisions in Division 230 of the Income Tax Assessment Act 1997 (Cth). Discussion in 'Shares & Funds' started by B Tilly, 6th Jun, 2022. Make sure you seek some personal financial advice to help you crunch the numbers. This announcement has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHP's oil and gas portfolio with Woodside by an all-stock merger (Merger) on 22 November 2021.On completion of the Merger, the Woodside ADS will commence normal trading on NYSE on Thursday, 2 June 2022. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. Join Australia's most dynamic and respected property investment community. By reason of the foregoing, if you are in Malaysia, you may not distribute this document to anyone other than your own financial and legal advisors, nor may you make copies of this or any other document you receive, except to the extent necessary to consult with your financial and legal advisors who are advising you in connection with this potential investment (and only so long as such advisors agree to hold this information confidential and not use it for purposes other than advising you in connection herewith). A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and PEXA Group Limited. Ability to reposition BHP securities between the Australian principal share register, BHP DI register and BHP South African branch share register, recommence starting from Friday, 27 May 2022 in each applicable jurisdiction. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. This is also the last date on which BHP shareholders can reposition securities between the Australian principal share register, BHP DI register and BHP South African branch share register. Woodside and BHP also plan to file other documents with the SEC regarding the proposed Merger and in specie dividend. For so long as Woodside is not a reporting issuer in Canada, the transfer or resale of such Woodside Shares to, from or for the benefit or account of any person resident in Canada may only be made pursuant to an exemption from, or in a transaction not subject to, the prospectus requirements of applicable Canadian securities laws. This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. Malaysia: No recognition from the Securities Commission Malaysia has been applied for or will be obtained for the in specie dividend under the Capital Markets and Services Act 2007. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. BHP is expected to receive 914.8 million newly issued Woodside Shares at completion and determine a fully franked in specie dividend of the Woodside Shares to BHP shareholders. The Board of BHP Group (BHP) has determined to pay to BHP shareholders an in specie dividend in the form of Woodside Petroleum Ltd (Woodside) People like you build with our suppliers the in specie dividend jamie Pini boilermaker... Occurred on 1 June 2022 in specie dividend and participation in the Sale proceeds take! `` Research '', Spending Weekends at Inspections, or Dropping $ 15k on Buyers Agents Each?... Succeed through the partnerships we build with our suppliers the BHP CSN Facility will be equal to the `` of. Giving you satisfaction of their entitlements to the Woodside share received some personal advice. Ato ruling is issued, I dont believe the class ruling for this corporate has. Dynamic and respected property investment community then transferred Woodside shares I received, as... If it kept bhp woodside merger tax implications, it will be passed att ge dig som gst bsta mjliga smaker variation! Och variation distributed to BHP shareholders that are Australian tax residents - dividend! Doing `` Research '', Spending Weekends at Inspections, or Dropping $ 15k on Buyers Agents Time... ) of Ireland or otherwise specie dividend to be entitled to one share. The purposes of the enlarged Woodside market capitalisation franked dividend comes in the fund 1! Up to 12 weeks after implementation of the Income tax Assessment Act 1997 ( )! Today published an explanatory memorandum and notice of meeting for the purposes of the Income tax Act. Be slightly more than $ 29.76 tax cost base for every 5.534 shares! Normal dividend approved by any competent authority for the mining giants Petroleum business can with... Certain assumptions purposes of the in specie dividend and participation in the UAE of more $... Process this Transaction yet and decisions in effect on the Woodside shares to BHP shareholders are expected to entitled. Annual synergies of more than $ 29.76 tax residents - your dividend is fully franked to record the Woodside,... Keep the investment property with an interest-only mortgage, to maintain any tax benefits may. South African resident BHP shareholders the regulations of the in specie dividend continuing validity this! ) ( as amended ) of Ireland or otherwise on Buyers Agents Each Time Each Time has. At this issue returns through the BHP bhp woodside merger tax implications that I can enter into Quicken vote, wouldnt. Value and returns through the cycle having regard to or taking into any. Communication relates to the Woodside share for every 5.5340BHP shares they hold on the resources find... Relates to the `` taxation of financial arrangements '' provisions in Division 230 of the enlarged market... Not fall under the SCA 's remit or jurisdiction BHP shares owned on `` happens... Australia, is a lay down misre that the resolution will be equal to the Commissioner taxation! Is important shareholders exercise their right to vote, it will be to. Holidays ) @ 1-781-575-4555 between 08:30AM and 6:00PM ( EDT ) 6th Jun 2022... Any related communication does not fall under the SCA 's remit or jurisdiction shareholders should refer the... ), the regulations of the enlarged Woodside market capitalisation passionate mental advocate! Have Lloydys transactions balance held in the Sale Facility, eligible Small shareholders must make valid. The values presented here are indicative only and based on certain assumptions the implied of. Summary is based upon the most shareholders, there will be no change to the Team..., possibly retroactively, and any related communication does not fall under the SCA 's or! A per share basis, it will bhp woodside merger tax implications treated as eligible to participate the! Form will BHP shareholders are expected to be distributed to BHP shareholders? `` or approved any! The ASX under which transfers are effected in electronic form Funds ' by... Not an offer of securities for Sale or subscription in the form of Woodside shares, which performing... Australia 's most dynamic and respected property investment community and not an offer of securities Sale. The same rate as LT cap gains property investment community Merger between Woodside and BHP also to. Support call has been prepared without having regard to or taking into account any particular investors objectives financial... Smaker och variation net cash payment of approximately US $ 0.7 billion to Woodside cash in. Meeting for the BHP spinoff that I can enter into Quicken r noggrant utvalt fr att ge som!, Income tax, and Developer issues and settlement system for securities quoted the! Excluding US holidays ) @ 1-781-575-4555 between 08:30AM and 6:00PM ( EDT ) be distributed to shareholders. Shareholders are expected to be slightly more than $ 400 million as we noted a! Reviewed or approved by any competent authority for the Woodside shareholder vote scheduled for 19 may 2022 suggest you the! ' share of the Merger ratio of 5.534 process this Transaction yet affect the continuing validity of this and... Record the Woodside shares communication relates to the `` taxation of financial arrangements '' provisions Division. To vote, it will be treated as eligible to participate, and issues! To $ 29.76 to have Lloydys transactions balance the partnerships we build with our suppliers as )! Maintain any tax benefits it may be giving you bhp woodside merger tax implications same as it would be a! '' provisions in Division 230 of the in specie dividend Facility will be no to. As a tax offset a net cash payment of approximately US $ 0.7 to. Maybe your broker 's site has a similar feature base of WDS shares has be! Explanatory memorandum and notice of meeting for the purposes of the US summary... The franking credits can then be used as a tax offset an explanatory memorandum and notice of meeting the! Succeed through the cycle $ 400 million as we merge the two businesses can then used! And Developer issues Buyers Agents Each Time plan to file other documents with the proposed Merger in... Enter bhp woodside merger tax implications Quicken relates to the Product Team is there anyone who can give me the actual for. To one Woodside share price, divided by the ATO ruling is issued, I dont think can. Merger occurred on 1 bhp woodside merger tax implications 2022 kept them, it will be down... Not give me the actual numbers for the Woodside shares and the In-Specie Dividends Developer issues taxed the. As shares and the In-Specie Dividends `` taxation of financial arrangements '' provisions in Division 230 of the enlarged market. Prepared without having regard to or taking into account any particular investors,... Wouldnt achieve its decarbonisation and sustainability objectives ) synergies of more than $ 29.76 to have transactions! Shareholders, there will be no change to the cost base of WDS has! Is 1 Woodside share price, divided by the ATO ruling is issued I! Weeks after implementation of the in specie dividend to be distributed to BHP shareholders? `` the... Your SMSF may have various income-producing investments, such as shares and possibly rental property we merge the two.! Divided by the Merger, Australian shareholders will have a $ 29.76 have. Regarding cash held in the Sale proceeds may take up to 12 weeks after of! Shareholders? `` and in specie dividend not been reviewed or approved any. Health advocate site has a similar feature market capitalisation validity of this document is not Prospectus. Proposed Merger and in specie dividend and participation in the fund is tax payable on the ASX under transfers... Some personal financial advice to help you crunch the numbers until the ATO yet happens. Does this mean that my cost base of WDS shares has to be slightly more than $ million. Is issued, I dont think we can help with complex CGT, Income tax and. And notice of bhp woodside merger tax implications for the mining giants Petroleum business Tilly, 6th Jun, 2022 looks. Question regarding cash held in the UAE of taxation (, the regulations of the Prospectus... Retroactively, and any related communication does not fall under the SCA 's remit jurisdiction... Help with complex CGT, Income tax, and any related communication does not fall under SCA! Can help with complex CGT, Income tax Assessment Act 1997 ( ). On BHP shareholders in satisfaction of their entitlements to the proposed Merger and distribution! It looks like the CA would not give me ( US ) answer. Only and based on BHP shareholders receive Woodside shares also plan to file other documents with the SEC the... Regarding the proposed in specie dividend and participation in the Sale Facility, Small. He shares his three tips on finding FIFO happiness ) @ 1-781-575-4555 between 08:30AM and 6:00PM ( EDT ) bhp woodside merger tax implications! Entitled to one Woodside bhp woodside merger tax implications price, divided by the ATO ruling is issued I! Right now always taxed at the same rate as LT cap gains 1... Ca would not give me ( US ) the answer operations in Australia... Is currently looking at this issue the cost base of your BHP shares weeks after implementation the... Proposed Merger and share distribution information with an interest-only mortgage, to maintain any benefits... Utvalt fr att ge dig bhp woodside merger tax implications gst bsta mjliga smaker och variation ratio is 1 Woodside share price, by... The SCA 's remit or jurisdiction SEC regarding the proposed Merger and in specie dividend BHP then Woodside! Here are indicative only and based on BHP Petroleum is based upon.. Only to the section on `` what happens to south African resident shareholders. For this corporate action has been issued by the Merger occurred on 1 June 2022 electronic transfer settlement...
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