kangaroo resources takeover ruling-HELP ME

  1. 21 Posts.
    PT Bayan takeover cash payment deemed fully franked dividend by ATO.How so.Inthe kangaroo resources takeover scheme booklet the tax implications and tax consequences are quite explicit.Notably, capital gain/loss scenarios are discussed at length. Nowhere in the scheme booklet is there any mention of the cash consideration being declared a fully franked dividend.So how did it finish up being deemed a fully franked dividend by the ATO. Somebody please explain this for me.
 
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