Latest Tax Rulings News

Abacus Storage King has received a revised acquisition proposal from a consortium led by Ki Corporation and Public Storage, increasing their cash offer by 15% to A$1.65 per security. The independent board committee is opening a six-week due diligence window but urges securityholders to hold off on any action.

BlackRock Investment Management announces an estimated 41.84 cents per unit distribution for the iShares Enhanced Cash ETF for the period ending June 30, 2025, highlighting a strong mix of Australian and foreign income sources.

Betashares Capital Ltd has announced the estimated annual distribution breakdown for its Nasdaq 100 Currency Hedged ETF (HNDQ) for the 2024-25 financial year, highlighting a dominant non-cash capital gains component and a full cash payout.

FAR Limited shareholders receive clarity as the Australian Taxation Office confirms the recent 8-cent per share capital return is not a dividend for tax purposes.

GTN Limited is set to seek shareholder approval for a substantial $44 million capital return, aiming to reward investors without compromising its dividend policy.

Indiana Resources Limited has announced a proposed capital return of five cents per share, backed by a draft ATO ruling confirming its tax-efficient status. The company plans a $32.2 million cash distribution, maintaining a strong balance sheet post-payment.

The Reject Shop has announced a fully franked special dividend of $0.77 per share as part of its acquisition by Dollarama, boosting the total transaction consideration to $6.68 per share.

Indiana Resources confirms receipt of settlement payments from Tanzania but moves to arbitration after a tax dispute threatens the agreement. The company awaits Australian tax approval to return capital to shareholders.

Abacus Storage King has turned down a $1.47 per security acquisition proposal from a consortium, arguing the offer undervalues the company and carries significant tax-related risks.

AVJennings Limited has announced a proposed $0.655 per share acquisition scheme by PM Nominees C Pty Ltd, an investment vehicle of Proprium Capital Partners and AVID, offering shareholders a near 100% premium over recent trading prices. The scheme, supported unanimously by the board and an independent expert, awaits shareholder and court approval.

Donaco International Limited has postponed its Scheme of Arrangement timetable amid extended legal and valuation reviews, while revealing a new 10% VAT gaming tax liability in Cambodia effective from January 2025.

Orica Limited reported a 7.7% increase in revenue to $3.94 billion for the half year ended March 2025, but posted a net loss of $89 million due to significant impairment and restructuring charges. Excluding these items, net profit rose 40% to $250.8 million, with the board declaring a higher interim dividend.