For CGT purposes it is when the offer becomes unconditional or if you don't accept when the shares are compulsorily acquired (ie ownership of OZL).
In other words if you accept BEFORE the offer becomes unconditional CGT date is WHEN the offer becomes unconditional.
Conversely, if you accept AFTER the offer becomes unconditional, CGT date is WHEN you accept because this is when it will become unconditional for you.
All this is clear in the bidders statement.
If you accept CGT will only apply for only half your shares when offer is unconditional because that Is what you will get cash for. For the other half in which you get OZL shares for CGT date will apply when you sell them. However the roll over will apply to these shares to the extent that the date that shares were originally acquired through AVB will not change. I.e. if you sell after 12 months of acquisition you can use this to half your CGT for the OZL sale.
AVB Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
