physical dividend as an option

Hi All,

1. What are your thoughts on NST offering an option to receive physical gold as dividends as per GRC (Please see excerpt below)?

2. Does anyone know how the ATO treats such a dividend type?

3. In the even that such an option is provided, I personally would prefer to store the physicals myself instead of setting up a storage account etc. However, I can see the logistical and security issues that will arise. Any thoughts on other potential issues?

Cheers,
Itandean

Source:
http://www.goldresourcecorp.com/gold-silver-dividends.php

Gold Resource Corporation (GRC) shareholders have the option to receive gold and silver dividends by converting their cash dividend into physical gold and / or silver providing direct exposure to physical precious metals. Upon execution and conversion from cash into physical, the shareholder has the option to take delivery of their physical precious metals, direct their physical into a Gold Bullion International approved vault or direct the metals into a vault of their choosing