Return of Capital

Hi All,

Around 4 months ago, EYE did a return of $0.425 per share. There was a fully franked dividend of $0.135 and a return of $0.29 as a return of capital per share. (0.135 + 0.29 =$0.425)

Imagine you had 10,000 shares at the time and the company returned $4250 (10,000 * $0.425) back to you. Was this whole $4250 figure exempt from tax or was only part of the $4250 exempt from tax? (The fully franked part being the 31.76% (0.135/0.425 *100) of $4250 which is roughly $1350)

So the question is whether you would pay any tax at all on the $4250 figure that was returned to you or you would need to pay tax any part of the returned amount? Or was it that you pay tax on the whole $4250 figure? Just trying to understand tax implications around this type of exercise.

There appears to be a "Australian Tax Office Class Ruling on Capital Gain" that was released on the 14th of August via the announcements for EYE.

Thanks in advance for any thoughts!