Not quite. It is standard procedure for a company to seek guidance from the ATO on any large transaction. It can happen well in advance - and requires the company's tax advisors to prepare a brief detailing all the relevant details to give to the ATO. It obviously costs money and must be carefully prepared.
The current transaction is a 'vanilla' transaction (if all done in the right order) and should see existing Australian shareholders receive roll-over protection. The result should normally come back with initial comments to the company in a few weeks - and move to a definitive ruling shortly after (unless anything problematic turns up - but this looks pretty straight forward).
Then FFX will be able to present the ATO guidance.
FFX Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
