Ann: Change in substantial holding from MIN, page-103

No. There will be two tax events. The first is for the conversion of your NWE shares to MIN shares. You WILL get the CGT discount for this event if you have held for more than 12 months. The cost base will be what you paid for your NWE shares. The sell base will be the value to the MIN shares. The second event will be when you sell your min shares. You will only be eligible for the discount if you hold your min shares over 12 months.

If they get to 80% then there is only one tax event which is when you sell the MIN shares.