@KiwiHawke - If they get the go ahead from the ATO the figure they could pay out tax free is 32.4 million which was around 5 or 5.5 cents per share. Anything above that would be a dividend.
From the IDA Quarterly in April,
The Board is currently reviewing capital management initiatives to return funds to shareholders in the mostefficient manner. The Company has applied for a tax ruling from the Australian Taxation Office to make apayment to shareholders as a capital return. As per the Company’s latest accounts, the maximum amountthat can be paid as a capital return is A$32.4M. Subject to the Company obtaining the necessary shareholderand regulatory approvals (or waivers, as required) and receiving the tax ruling from the Australian TaxationOffice, details of the distribution amount and timeline will be confirmed to shareholders in due course.
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