$1.52 cash backing plus coal and port assets , page-33

Note also that the payment will be in two parts.
1) Capital return
2) Dividend + associated franking credit

lets say it is 20 cents Capital Return
+ 80 cents Dividend that is fully franked?
If fully franked you would have FC of 34.43 cents per share

So if you are Australian resident and have combined income below Tax free threshold ( +LITR) you would get the 34.43 cents back.

If like me you are in higher bracket then you will pay the difference on the tax paid ( effective company tax rate 30%) compared to your tax bracket rate

PS I don't know the spilt just reading the announcement.

From memory a CR also has some tax effectiveness in other words on our return we treat this portion of payment as capital not income. usually there are some rules that grant an exemption / offset to any tax that the receiver is liable to pay in this portion of money they receive. Each case is separate.

Buy if you are Australian Tax Resident and believe the deal will proceed.