I too am very interested in the CGT. I hold ADOO, have done so...

I too am very interested in the CGT. I hold ADOO, have done so just before the big rise.

So... I asked my friend Google about "CGT events", turned out their best friend was the ATO's page on CGT events.

http://www.ato.gov.au/individuals/content.asp?doc=/content/36720.htm&page=2&H2

"...In most cases, no CGT is payable at the time you exercise the rights or options."

It's too late for me to read through this and think about it, perusing it I don't think any CGT is paid, and the 12 month discount period begins upon excercising the options.