>>I've only experienced a couple of other inspecie dividends and...

>>I've only experienced a couple of other inspecie dividends and this is my first time where both capital and dividend make up the transaction. I'm totally lost because of that and suspect my accountant's fee to set me on the right track will be greater than my holding's worth. Oh well.
>>

You reduce the cost base of your WOW shares by the amount of the capital return and declare the dividend on your current year tax return. You are deemed to have purchased the SCP units for the sum of the capital return and dividend amounts per unit ($1.4397) on 11/12/12. Or that's my understanding anyway. It isn't too complicated but WOW hasn't helped by not showing the dividend franking amount on their in-specie distribution advice. Unless there is follow-info to come, you or your accountant will have to calculate this.