directors accept, page-14

Thermionic wrote:

"Which leads me into a question regarding the 12month holding rule for capital gains tax (CGT) purposes.
Is it one year from 22 November 2010, the date that these shares were allocated to the plan participants? Or, is it 29 November 2010, the day the share were quoted on the ASX?
Or, is it the day the cheque was drawn upon? ie. the date that the contract was entered into?"

I had exactly the same question - it is kind of important. I will ring my accountant but he is not likely to know.

In normal trade, if you buy on 17th and sell on 18th next year, you are entitled to CGT reduction. However, settlememt (e.g. transfer of beneficial ownership) occurs on T+3. So this could be interesting for shares allocated during RI.

Any accountants out there please?