The Milton website (at bottom: not prominent) has a copy of the...

The Milton website (at bottom: not prominent) has a copy of the Scheme Booklet that should in many holders' cases arrive in the mail (thanks to Australia Post) in due course.

This may be the most relevant for many who want to accept the offer, including me:

Scrip for scrip roll-over relief

"...Milton Shareholders who make a capital gain on disposal of their Milton Shares under the Scheme may choose to apply scrip for scrip roll-over relief to the extent they receive New WHSP Shares in respect of their Milton Shares.Scrip for scrip roll-over relief is not available where a capital loss is made upon the disposal of any particular Milton Shares even where the capital proceeds of these Milton Shares are received in the form of New WHSP Shares.

If scrip for scrip roll-over relief is available and chosen by a Milton Shareholder, the capital gain realised from the disposal of the particular Milton Shares will be disregarded. Consequently, the disregarded capital gain is excluded from the calculation of the net capital gains or unapplied (carry-forward) capital loss balance.

WHSP will not make an election under subsection 124-795(4) of the ITAA 1997 to deny scrip for scrip roll-over relief to eligible Milton Shareholders.

Further, WHSP and a relevant Milton Shareholder are not required to jointly elect for a Milton Shareholder to obtain scrip for scrip roll-over relief. Whether a Milton Shareholder has made the choice to apply scrip for scrip roll-over is generally evidenced by the way in which that Milton Shareholder prepares their income tax return.

In some cases, a Milton Shareholder will be required to complete a CGT Schedule as part of their tax return filing. There is no need to lodge a separate notice with the ATO.Where a Milton Shareholder has chosen scrip for scrip roll-over relief, the following should apply:
The first element of the cost base of the New WHSP Shares received as Scheme Consideration should be equal to the proportion of the cost base of their original Milton Shares that were exchanged for Scheme Consideration.
The New WHSP Shares will be taken to be acquired at the time their Milton Shares were originally acquired, for the purpose of any subsequent disposal of the New WHSP Shares and the application of the CGT discount.

If Milton Shareholder acquired their Milton Shares on or before 20 September 1985, then they are taken to have also acquired the corresponding WHSP Shares on or before 20 September 1985.

The benefit of choosing scrip for scrip roll-over relief will depend upon the individual circumstances of each Milton Shareholder..."