7c div - 15.5% income return @ $0.45 per share, page-25

I did not have the issues that a lot of you have or perceive that you had with respect to my distributions.

THere is a tax treaty with Austrlia and Japan preventing double taxation. THere are also with-holding tax credits associated with the distributions received.

Also, I was only liably for tax on the distribution I received in the second half of last year as I was not a unitholder in the first half.

I had no issues whatsoever. Bottom line. I paid tax only on the distirbutions I received (that I was beneficially entitled to). This is important terminology. If you only receive one of two distributions I believe you are only beneficially entitled to the one you receive. How could it be otherwise?