This is what ChatGPT just told me...In the context of a scheme...

This is what ChatGPT just told me...

In the context of a scheme of arrangement, the Capital Gains Tax (CGT) event is generally triggered on the Implementation Date. This is the date when the shareholders actually receive the consideration (cash, shares, etc.) for their shares in the company being acquired.

Here's a breakdown of the relevant dates:

1. Effective Date: This is when the scheme becomes legally effective, and typically, trading in the company's shares is suspended on the ASX.
2. Implementation Date: This is when the consideration is transferred to the shareholders.

For CGT purposes, the key date is the Implementation Date because that is when the ownership of the shares officially changes hands and the shareholders receive their consideration, thus realizing any capital gain or loss.

Shareholders should confirm the exact dates and details with their financial advisor or tax professional, as these can have significant tax implications. Additionally, reviewing official announcements from CSR Limited regarding the specific scheme of arrangement can provide further clarity.