You may get a ruling on rollover, which I personally think is no...

You may get a ruling on rollover, which I personally think is no chance, given the shares have been held in a corporate entity. But will be over the moon if I am wrong.

As for ruling on tax treatment when sell you never get these until the transaction has occurred. You need a value for the record date.

Example: FFX Cash $25M LLL shares $75m cost base will be roughly 25% / 75% Split (The 75% value / by the number of shares you get of LLL).

If LLL shares are worth $300m the ruling will be very different.


For a vote to be put forward the balance sheet has to be reported for FFX. No accounts, no balance sheet.

There is not much difference between this and the demerger, and the tax section was 3 pages in the notice of meeting, and pretty much said bugger all definitive.

The tax ruling for the demerger was released 8 weeks after.


If you think the accounts are done, why have they not been lodged?? Or are they readying us for delisting. A taste of things to come?