investor services clarification, page-21

Thanks Copper

Just to clarify your interpretation of the ATO treatment by way of example....

1. I own shares in BJT at 30 June 2009 and during that period we make a Cap Gain (which we have)
2. BJT do not distrubte the gain - but I am stil taxed as if they had - through my 30 June 2009 tax return
2. BJT later distribute the gain, say, next June 2010 - even if I have sold my shares prior to them distributing the gain then I am taxed on the gain for 30 June 2009 tax year already and someone who owns the shares next year will not have to pay cap gains since this has already been paid for them by me?

Sorry this sounds so confusing!!