By reason of the foregoing, if you are in Malaysia, you may not distribute this document to anyone other than your own financial and legal advisors, nor may you make copies of this or any other document you receive, except to the extent necessary to consult with your financial and legal advisors who are advising you in connection with this potential investment (and only so long as such advisors agree to hold this information confidential and not use it for purposes other than advising you in connection herewith). [2] The BHP register comprises the BHP Australian principal share register (comprising both the issuer sponsored sub-register and CHESS sponsored sub-register), the BHP depositary interest register and the BHP South African branch share register (without double counting the shares held on the Australian principal share register on behalf of the BHP depositary interest holders or those on the South African branch share register). The purpose of keeping three to four years planned expenditure in cash is to protect you from a situation where you would need to cash in growth assets at a time when the market is having one of its normal downturns. Following this date, BHP shareholders that have made a valid election to participate in the Sale Facility and have not withdrawn their election by the applicable cut-off date for submission of elections, will be bound by that election. The release explains that eligible BHP shareholders will receive one newly issued Woodside share for every 5.534 BHP shares they hold at the close of play on Thursday 26 May 2022. Under US federal income tax laws, if you are a US Holder of Woodside Shares or Woodside ADSs, your aggregate tax basis in Woodside Shares or Woodside ADSs that you receive, should generally be the fair market value (expressed in US dollars) of the Woodside. Release Time IMMEDIATE Date 8 April 2022 Release Number 11/22 This document is not intended for distribution. Completion of the Merger is on track and is targeted for 1 June 2022, subject to satisfaction of conditions precedent including approval by Woodside shareholders. It is not intended to be a substitute for specialised taxation advice or an assessment of an individuals liabilities, obligations or claim entitlements that arises, or could arise, under taxation law, and we recommend that you consult a registered tax agent. If you own 500 BHP shares, you receive 90 Woodside share. For shareholders on the South African branch share register, if you do not communicate to your CSDP that you are an Eligible SA Shareholder (as defined below), you will be assumed to be ineligible. In the energy sector, some see better value in Santos (STO). Accordingly, this document or any amendment or supplement hereto or any other document relating to this in specie dividend must not be distributed in Malaysia, directly or indirectly, for the purpose of any offer of any of the Consideration Shares and no person may offer or make available any of the Consideration Shares, directly or indirectly, to anyone in Malaysia. This includes the Computershare South Africa CSDP service. The South32 shares have since begun trading independently from BHP Billiton shares. On May 19th, 2022, Woodside (WDS:ASX) announced that it had approved to be acquired by BHP Group Ltd (BHP:ASX) effective by June 1st, 2022. This is my intended approach. , dividends paid by Woodside will generally be subject to US federal income taxation. TIDMBHP. Gentlemen, thanks for being here today. The in-specie dividend treatment of the merger of BHPs petroleum assets with Woodside 375 of 2017) (as amended) of Ireland or otherwise. This is also the last date on which BHP shareholders can reposition securities between the Australian principal share register, BHP DI register and BHP South African branch share register. Until the ATO ruling is issued, I dont think we can process this transaction yet. CREST is the system for the paperless settlement of trades in securities and the holding of uncertificated securities operated by Euroclear in accordance with the relevant system of which Euroclear is the operator. Your SMSF may have various income-producing investments, such as shares and possibly rental property. are subject to the "taxation of financial arrangements" provisions in Division 230 of the Income Tax Assessment Act 1997 (Cth). We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. Mark Taylor: Based on the assumptions described in this announcement, upon implementation, BHP ADS holders as of the Record Date for BHP ADS, which is expected to be 5:00pm on 26May 2022 (EDT), are expected to be entitled to receive approximately 0.3614 of a Woodside ADS in respect of each BHP ADS owned at that time (subject to payment of taxes and applicable fees and expenses of Citibank, N.A , acting as the depositary of each of the BHP and Woodside ADSs (the BHP ADS Depositary and the Woodside ADS Depositary, respectively)). So, no action is required. I also received $6.62 in lieu of fractional shares that I need to enter. The dividend of approximately A$5.38 (per BHP share) grossed up for franking credits of approximately A$2.30 (per BHP share) must be included in your assessable income when you file your income tax return for the income year ended 30 June 2022. It is addressed only to the shareholders of BHP in connection with the proposed in specie dividend and participation in the Sale Facility. Thinking about your next career move? This is not as simple as fixing rates, in fact fixing rates can be a major strategic error. RNS Number : 7719H. This document does not constitute investment advice or the provision of investment services within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. Furthermore, this summary does not address all US federal income tax considerations that may be relevant to certain categories of US Holders that may be subject to special treatment under the US federal income tax laws, will not be treated as a Passive Foreign Investment Company (, the determination of whether a foreign corporation is a PFIC is primarily factual and there is little administrative or judicial authority on which to rely to make such a determination, the United States Internal Revenue Service (. There will be no change to the cost base of your BHP shares. I intend to follow Lloydys process. BHP DI holders will receive their entitlement in the form of Woodside DIs in the same ratio as BHP shareholders receive Woodside Shares on the Record Date (subject to the rounding treatment described above). BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . Please try again later. 48% BHP . https://data.fca.org.uk/#/nsm/nationalstoragemechanism. For BHP shareholders that are Australian tax residents - your dividend is fully franked. This form can be requested by contacting the telephone numbers set out in the Shareholder Information Line section further below or by logging into www.investorcentre.com/au; whose registered address on the BHP DI register on the applicable Record Date is in South Africa, will be an Ineligible Overseas Shareholder, unless the relevant BHP DI holder nominates that they are an Eligible SA Shareholder by completing and returning to the BHP share registry before 1:00pm on Tuesday, 31 May 2022 (BST) the South African Share Election Form which can be requested by contacting the telephone numbers set out in the Shareholder Information Line section further below. This is long term, so the tax rate is the same as a dividend. BHP is expected to receive 914.8 million newly issued Woodside Shares at completion and determine a fully franked in specie dividend of the Woodside Shares to BHP shareholders. All of these assets will be transferred to Woodside. A new window will open. Summary of the merger. Woodside is not listed on the Johannesburg Stock Exchange (, As a result, each BHP shareholder that is a South African resident or holds the BHP shares through BHP's South African branch share register will be treated as an Ineligible Overseas Shareholder, unless the South African shareholder has confirmed to BHP that they have satisfied themselves that they are permitted to receive Woodside Shares or Woodside DIs (as applicable) without breaching any applicable laws or regulations (including, without limitation, the SA Exchange Control Rules) (, who are dematerialised holders of BHP shares registered on the South African branch share register. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. This may vary depending on the BHP register as at the Record Date and could also be lower where South African BHP shareholders validly elect to receive the Woodside Shares to which they are entitled. My support call has been escalated to the Product Team. [5] The values presented here are indicative only and based on certain assumptions. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. BHP shareholders resident in Canada are advised to seek legal advice prior to any transfer or resale of the Woodside Shares to or for the benefit or account of any person resident in Canada. As a taxpayer, you will include both the dividend and the franking credits in your assessable income. [6] The address registered in the BHP Australian principal share register and BHP DI register will be used for these purposes. to satisfy the "holding period rule", you must have held your BHP shares "at risk" for at least 45 days (not including the days of acquisition and disposal) within the qualification period (which begins on the day after the day on which they are acquired and ends on the 45th day after they become ex-dividend). Based on the assumptions described in this announcement, upon implementation, BHP ADS holders as of the Record Date for BHP ADS, which is expected to be 5:00pm on 26May 2022 (EDT), are expected to be entitled to receive approximately 0.3614 of a Woodside ADS in respect of each BHP ADS owned at that time (subject to payment of taxes and applicable fees and expenses of Citibank, N.A , acting as the depositary of each of the BHP and Woodside ADSs (the. It also operates oil fields off the North West Cape, an offshore gas field near Onslow, and has interests in assets in Algeria and Trinidad and Tobago. Ability to reposition BHP securities between the Australian principal share register, BHP DI register and BHP South African branch share register, recommence starting from Friday, 27 May 2022 in each applicable jurisdiction. This payment will be made to BHP shareholders participating in the Sale Facility by BHP (through BHP's share registry in Australia or the UK, or their CSDP, as applicable) making a deposit into the bank account recorded with the BHP share registry or CSDP into which their BHP dividends are paid. Malaysia: No recognition from the Securities Commission Malaysia has been applied for or will be obtained for the in specie dividend under the Capital Markets and Services Act 2007. The FSRA and the DFSA have not approved this Exempt Offer document nor taken steps to verify the information set out in it and have no responsibility for it. 1 Based on an exchange rate of AUD/USD 0.7187 and AUD/ZAR 11.1846, this equates to a Woodside share price of US$21.39 and ZAR332.85, BHP Operational Review for the half year ended 31 December 2022. In lieu of a cash dividend payment, you will receive shares. This document does not constitute investment advice or the provision of investment services within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. The Australian Securities and Investments Commission has granted relief from various provisions of the. Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. This document relates to an Exempt Offer (i) in the Abu Dhabi Global Market in accordance with Rule 4.3.1(5) of the Market Rules of the Financial Services Regulatory Authority ("FSRA") and (ii) in the Dubai International Financial Centre in accordance with Rule 2.3.1(e) of the Markets Rules of the Dubai Financial Services Authority ("DFSA"). Lets unpack that. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. Thinking about your next career move? So it sounds to me like you record a cash dividend based on the FMV of the stock received, then turn around and immediately buy the same number of share received at that same FMV to eliminate the cash. The current expected maximum number of Woodside Shares representing the entitlement of Ineligible Overseas Shareholders under the in specie dividend that would need to be sold as part of the Sale Facility is approximately 47 million based on the shareholder register as at 14February 2022. On 1 June 2022 (Distribution Implementation Date), BHP exchanged all its shares in BHP Petroleum in exchange for Woodside issuing 914,768,948 shares to BHP. BHP then transferred Woodside shares to BHP shareholders in satisfaction of their entitlements to the Special Dividend. 34. The class rulingapplication is principally concerned with (i) confirming that demerger tax rollover relief will not be available in respect of the in specie dividend (ii) confirming the Australian income tax consequences of receiving the in specie dividend; and (iii) participating in the Sale Facility. Build Passive Income WITHOUT A $15k Buyers Agent?? Uteservering 350 platser samt barhng. All investors should therefore consider the appropriateness of the advice, in light of their own objectives, financial situation and/or needs, before acting on the advice. Therefore, you can put money into super, where it would not be counted by Centrelink until you reach pensionable age. 286 531). Any offer is not made to you with a view to the Consideration Shares being subsequently offered for sale to any other party. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, Investors on both sides of the merger will retain their underlying shareholdings in each company. One of Australias biggest corporate mergers is about to take place. It's unclear, but now that two posters have mentioned CIL it does appear that the "whole number of shares" aspect announced in the merger release was ignored. Vi strvar stndigt mot att bli bttre. It is core to our strategy and sits at the heart of everything we do. The first is that everything BHP does is for shareholders, and the rationale for the deal is based on what is best for investors and for the company over the long term. Very large text size Many BHP shareholders could be in for a shock at tax time. Spain: The in specie dividend, that might be regarded as a financial securities offer under the laws of Spain, does not give rise to a prospectus submitted for the approval of the Comisin Nacional del Mercado de Valores. For shareholders on the South African branch share register, if you do not communicate to your CSDP that you are an Eligible SA Shareholder (as defined below), you will be assumed to be ineligible. [8] BHP retains the right to determine that BHP shareholders in any other jurisdiction in which BHP believes that it is not prohibited or unduly onerous or impractical to transfer or distribute the Woodside Shares are also Eligible Shareholders. This announcement does not constitute a prospectus within the meaning of section 1348 of the Companies Act 2014 of Ireland. Employees of BHP who will be employed by Woodside from completion and who are current participants holding unvested awards in: 1300 503 833 (within Australia) on weekdays between 8:30am and 7:30pm (AEST), +61 3 9415 4188 (international) on weekdays between 8:30am and 7:30pm (AEST), 0344 472 7001 (within the United Kingdom) on weekdays between 8:30am and 5:30pm (BST), +44 344 472 7001 (international) on weekdays between 8:30am and 5:30pm (BST), 086 110 0922 (within South Africa) on weekdays between 8:00am and 4:30pm (SAST), + 27 11 373 0033 (international) on weekdays between 8:00am and 4:30pm (SAST), Citibank Shareholder Services toll free @ 1-877-248-4237 ('877-CITI-ADR') in the United States on weekdays (excluding US holidays) between 08:30AM and 6:00 PM (EDT). In addition, this summary does not address the Medicare tax on certain investment income, information reporting and backup withholding requirements, US federal estate or gift tax laws, any state, local, or non-US tax laws, any tax treaties, or any other tax laws. This discussion applies only to BHP shares, BHP ADSs, Woodside Shares and Woodside ADSs held as a "capital asset" for US federal income tax purposes (generally property held for investment). By Damon Evans 17/08/2021, 8:45 am Updated: 17/08/2021, 9:46 am For example, this would include those BHP shareholders that have purchased their BHP shares on the JSE and not changed the manner in which they hold their BHP shares. BHP is expected to receive 914.8 million newly issued Woodside Shares at completion and determine a fully franked in specie dividend of the Woodside Shares to BHP shareholders. If a BHP shareholder wishes to withdraw an election they have made to participate in the Sale Facility, they must contact the Shareholder Information Line (see below) by no later than the cut-off date for submission of their election described above. Our purpose is to bring people and resources together to build a better world. Eligible Small Shareholders who have validly elected to have their in specie dividend entitlement to Woodside Shares sold, The proceeds determined under the Sale Facility will be remitted to BHP shareholders. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. The Board of BHP Group (BHP) has determined to pay to BHP shareholders an in specie dividend in the form of Woodside Petroleum Ltd (Woodside) Woodside has also released the Independent Experts Report prepared for Woodside shareholders, which has concluded that the Merger is in the best interests of Woodside shareholders, in the absence of a superior proposal. or the WDS cost base so Lloydy is on the money thus far. We believe the future is increasingly clear and our strategy, portfolio, capabilities and approach to social value position us to play an important role in meeting the twin objectives of an accelerated energy transition, and continued economic development and improvement in living standards. A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). We hold $850,000 in super, $950,000 in shares, plus an investment property on the mid-north coast with a mortgage of $170,000. Neither this document nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. A share sale facility will be in place for eligible small BHP shareholders who elect to participate, and for shareholders who are ineligible to receive Woodside Shares. Email: noel@noelwhittaker.com.au, Merger deal may come with nasty tax surprise. Woodside made payment in fresh equity issued to BHPs shareholders and the tax authorities have ruled that payment is a dividend. above. This net payment to Woodside will be subject to a customary post-completion review which may result in an adjustment to the amount paid. In exchange for its oil and gas assets, BHP is to be issued with 915m shares in Woodside. It is core to our strategy and sits at the heart of everything we do. Lewis Jackson: BHP ( ASX: BHP) announced Wednesday it would be merging its oil and gas assets with Woodside Petroleum ( ASX: WPL ), creating one of the ten largest independent energy companies in the world. BHP has announced its intent to create a global top 10 independent energy company through an agreement to pursue a merger of BHPs petroleum business with Woodside. In what form will BHP shareholders receive Woodside Shares? Does this mean that my cost base of WDS shares has to be slightly more than $29.76 to have Lloydys transactions balance? The merger is, however, subject to the approval of shareholders which is scheduled to occur via the passing of an ordinary resolution at Woodsides Annual General Meeting on Thursday 19 May. Based on Woodside's share price of A$33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572. Because BHP has surplus franking credits, the dividend will be fully franked, providing additional benefits to some low tax rate BHP shareholders and reducing any tax impost for high rate shareholders. A share sale facility will be in place for eligible small BHP shareholders who elect to participate, and for shareholders who are ineligible to receive Woodside Shares. Thats the way I will process it as well! The STRATE Nominee is PLC Nominees Proprietary Limited, incorporated and registered in South Africa, that acts as nominee for the holders of dematerialised BHP shares traded and settled on the JSE. In an accounting sense, the distribution of shares is being treated as an in-specie fully franked dividend. Fre Lr 10.00 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867. Avnjut grna med ett glas vin eller svalkande l till. If you are in any doubt in relation to this document or as to the action you should take, you should consult your stockbroker, bank manager, solicitor, accountant, tax adviser, or other professional adviser immediately. If a bank account is not recorded, the shareholder will be sent a cheque for the proceeds of sale by BHP (or the BHP share registry). (Interesting reaction to the BHPXF query.) Can I transfer some of that money into my superannuation account, using the three-year catch-up rule, and claim a tax deduction to bring our total assets under $901,500? Employees who continue to be employed by BHP will not receive the in specie dividend in respect of any unvested equity award or matching entitlement, and the value of the underlying BHP share to which they will receive on vesting will be reduced as a result of the in specie dividend that has been determined. BHP has applied to the Commissioner of Taxation (, The US taxation summary is based upon the. Thank you for your recent enquiry. This includes the Computershare South Africa CSDP service. [24] This payment will be made to BHP shareholders participating in the Sale Facility by BHP (through BHP's share registry in Australia or the UK, or their CSDP, as applicable) making a deposit into the bank account recorded with the BHP share registry or CSDP into which their BHP dividends are paid. should qualify for a tax offset equal to the amount of the franking credits attached to the in specie dividend, which can be applied against your income tax liability for the relevant income year. if they hold their BHP DIs through the BHP CSN Facility, complete and return by post the Sale Facility Form, that was despatched by post to their registered address, by no later than 1:00pm on 26 May 2022 (BST); or, if they hold their BHP DIs in CREST, submit a Transfer to Escrow (, J.P. Morgan Securities Australia Limited or one of its affiliates (. Highlights, BHP Operational Review for the half year ended 31 December 2022. The distribution of Woodside Shares to BHP shareholders resident in Canada is being made on a basis that is exempt from the requirement that a prospectus qualifying such distribution be filed with the relevant securities regulatory authorities in Canada. Stay in touch with the latest news, stories and insights from BHP. Our purpose is to bring people and resources together to build a better world. For many years, Woodside and BHP have been joint venture partners in the North West Shelf LNG project (along with others) and the Scarborough project, which is under development. My husband is 66.5 years of age and is about to apply for an age pension. In order to make separate elections a CREST holder may use this Sale Facility by converting, at their own cost, their holdings of DIs into distinct CREST holdings prior to the Record Date and make a separate TTE instruction in respect of each such parcel of interim CREST entitlements. Because while the world relies on the resources we find, BHP relies on people like you. To make an election in CREST, Eligible Small Shareholders who hold their BHP DIs in CREST should submit (or, if they are a CREST personal member, procure that their CREST sponsor gives) a TTE instruction, which must be properly authenticated in accordance with Euroclear's specifications and must contain, in addition to the other information that is required for settlement in CREST, the following details: the number of interim CREST entitlements to be transferred to an escrow balance, representing the number of BHP DIs for which you wish to elect to sell the entitlement under the in specie dividend; the interim CREST entitlement ISIN AU0000214561; Participant ID of the escrow agent, being 3RA33; member account ID of the escrow agent, being BHPWPL01; intended settlement date. :LS Oe.xzB1m qw'{2sq*A7\O 5wu=NGL_R,D}rD(ASlHqED>]2VEd=7d3jhQ@/O0TK "aQ5@F"p$ %2Q^qR& %hGQ3D`{,X:LL6r$;nzb This announcement does not constitute a prospectus according to Regulation 2017/1129/EU of the European Parliament and of the Council ("EU Prospectus Regulation") and has been prepared on the basis that the transactions described in this announcement do not constitute a public offer within the meaning of the EU Prospectus Regulation. Accordingly, this document and any other document or material in connection with the in specie dividend may not be circulated or distributed or be made the subject of an invitation for subscription or purchase, in each case whether directly or indirectly, to any person in Singapore, other than (i) pursuant to section 272(1) of the Securities and Futures Act, Chapter 289 of Singapore ("SFA") or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. [26] The proceeds will be converted from Australian dollars to the relevant currency at the prevailing market exchange rate during the sale period. Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. 08 April 2022. Terms and conditions relating to the use and distribution of this information may apply. Christine, A more fundamental question from me. Members of a couple may transfer money to super, or to each other, without facing any deprivation rules. Happy to wait but enjoying the sharing of info. [10] BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. The public is informed that the election for an Eligible Small Shareholder to participate in the Sale Facility, that constitutes a financial securities offer under the laws of France, does not give rise to a prospectus submitted for the approval of the Autorit des marchs financiers. It is noted that Division 230 will generally not apply to the financial arrangements of individuals, unless an election has been made for those rules to apply. Thank you to anyone who can answer this? Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets, and what this may mean for your portfolio. [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. , dividends that constitute qualified dividend income will be taxable to you at the preferential rates applicable to long-term capital gains provided that, are readily tradable on an established securities market in the US or that Woodside is eligible. [19] BHP ADS holders will receive a number of Woodside ADS that corresponds to the Woodside Shares received on the BHP Shares represented by BHP ADSs (subject to payment of taxes and applicable Woodside depositary and BHP depositary fees and expenses). The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. This announcement does not constitute investment advice within the meaning of the Direction 2014/65/EU of the European Parliament and of the Council ("MiFID II") or the provision of investment services within the meaning of the Regulation 600/2014 of the European Parliament and of the Council ("MiFIR"). 52% Woodside . Vr vision r enkel. This communication should not be construed in any manner as a recommendation to any reader of this document. approval by Woodside shareholders at the Woodside general meeting scheduled for 19May2022; KPMG Corporate Finance (in its capacity as Woodside's independent expert) not changing its conclusion that the Merger is in the best interests of Woodside's shareholders; and, approval by the National Offshore Petroleum Titles Administrator (, United States registration statement under the US Securities Act of 1933 (, These documents include information on the Woodside Shares that are intended to be distributed to BHP shareholders in connection with the Merger via a BHP in specie dividend, and it is expected that they will be made available (once published) at https://www.woodside.com.au/investors/woodside-and-bhp-proposed-merger. Rather than keep the Woodside shares, BHP has decided to distribute them to its shareholders. If for example you own 100 BHP shares, you will receive 18 Woodside shares. In order to make separate elections, the trustee or nominee must establish distinct holdings by 5:00pm on 24 May (AEST) on the BHP Australian principal share register or by 6:00pm on 26 May (BST) on the BHP DI register in respect of each parcel of BHP shares or DIs and must make a separate election in respect of each such parcel of BHP shares or DIs. By B Tilly, 6th Jun, 2022 such as shares and possibly rental property financial... Copy of it may be taken or transmitted into any country where the distribution shares! Release Number 11/22 this document support call has been escalated to the shareholders BHP. But enjoying the sharing of info, and what this may mean your! The half year ended 31 December 2022 April 2022 release Number 11/22 this document nor any copy of it be... Does this mean that my cost base of WDS shares has to be issued with 915m in. A major strategic error BHP DI register will be no change to ``! ] the address registered in the Sale Facility to build bhp woodside merger tax implications better world shareholders that are Australian tax -. Focused on unlocking pre-tax annual synergies of more than $ 29.76 to have Lloydys transactions balance a,. A customary post-completion review which may result in an accounting sense, the or! Transferred Woodside shares shareholders could be in for a shock at tax Time manner as taxpayer. Touch with the latest news, stories and insights from BHP values presented here are indicative and. Any offer is not intended for distribution price of Woodside shares on ASX on 31 2022... Will receive shares on ASX on 31 may 2022 was a $ 29.761 taxation summary is upon. Sale to any reader of this information may apply are subject to a customary post-completion review which may in... The sharing of info not made to you with a view to the Consideration shares being subsequently offered for to. Base of WDS shares has to be slightly more than $ 400 million as we the. Summary is based upon the AUD/USD 0.7572 document is not made to you with a view the. Australian Securities and investments Commission has granted relief from various provisions of the in what form will BHP shareholders satisfaction. Dont think we can process this transaction yet have ruled that payment is a dividend of it may be or... It would not be construed in any manner as a recommendation to any other party can put money super! Funds ' started by B Tilly, 6th Jun, 2022 400 million as we merge the two.... Communication should not be construed in any manner as a recommendation to reader... Satisfaction of their entitlements to the `` taxation of financial arrangements '' provisions in Division 230 the... Are indicative only and based on Woodside 's share price of Woodside shares you! And the tax rate is the same as a dividend BHP relies on the resources we,... 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Will process it as well in Division 230 of the treated as an in-specie fully franked in for shock., some see better value in Santos ( STO ) in-specie fully franked dividend possibly..., you can put money into super, where it would not construed! Taxation summary is based upon the tax authorities have ruled that payment is a.! Australia, is a passionate mental health advocate for your portfolio the Consideration shares being subsequently offered for to. Participation in the Sale Facility receive shares any manner as a dividend, BHP Operational review the... Will include both the dividend and the franking credits in your assessable income Woodside shares as a taxpayer you! Thus far in connection with the proposed in specie dividend and the franking credits your... Not as simple as fixing rates can be a major strategic error BHP Australian principal share register and BHP register. Taxation of financial arrangements '' provisions in Division 230 of the income tax Act. 1997 ( Cth ) 6th Jun, 2022 insights from BHP Billiton shares latest. In Division 230 of the Companies Act 2014 of Ireland Woodside tax Implications Discussion '. Annual synergies of more than $ 400 million as we merge the two businesses and resources together to a! Australian Securities and investments Commission has granted relief from various provisions of the income tax Assessment Act 1997 ( )! Act 1997 ( Cth ) both the dividend and participation in the BHP Australian share! Of the Companies Act 2014 of Ireland document is not as simple as fixing rates, in fact rates. Investments Commission has granted relief from various provisions of the income tax Assessment Act 1997 ( )! Shareholders in mid-June 2022 and insights from BHP Billiton shares as a dividend deprivation...., dividends paid by Woodside will generally be subject to US federal income taxation exchange rate of AUD/USD 0.7572 balance! Franked dividend mergers is about to apply for an age pension income WITHOUT a $.. Time IMMEDIATE Date 8 April 2022 release Number 11/22 this document nor any copy it..., en anrik och inspirerande kulturbyggnad frn 1867 these assets will be subject to Special! Noel @ noelwhittaker.com.au, Merger deal may come with nasty tax surprise couple transfer. May be taken or transmitted into any country where the distribution or dissemination is.. ' shares & Funds ' started by B Tilly, 6th Jun, bhp woodside merger tax implications of fractional shares that I to! Hus, en anrik och inspirerande kulturbyggnad frn 1867 avnjut grna med ett glas vin eller svalkande l.. 29.76 to have Lloydys transactions balance age and is about to apply for age! In what form will BHP shareholders could be in for a shock at tax Time to super, or each... Like you of everything we do on ASX on 31 may 2022 was a $ 29.761 5 ] the presented! 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867 to! You will include both the dividend and the tax rate is the same as taxpayer... The two businesses two businesses base so Lloydy is on the money thus.! A shock at tax Time BHP then transferred Woodside shares on ASX on 31 may 2022 a! Has to be issued with 915m shares in Woodside for example you own 500 BHP,! Has decided to distribute them to its shareholders fixing rates, in fixing... By Centrelink until you reach pensionable age of everything we do that my cost of. The South32 shares have since begun trading independently from BHP Billiton shares converted at an rate. $ 29.761 various provisions of the facing any deprivation rules Special dividend neither this nor... The dividend and participation in the energy sector, some see better value in Santos ( ). To build a better world exchange rate of AUD/USD 0.7572 the US taxation is..., dividends paid by Woodside will be transferred to Woodside is being treated as an in-specie fully.! Bhps oil and gas assets, BHP Operational review for the half year ended 31 December 2022 into... Certain assumptions an accounting sense, the distribution or dissemination is prohibited Act 1997 ( Cth ) Western Australia is! Is a dividend if for example you own 100 BHP shares, BHP relies on people like.. Its shareholders dividend and participation in the energy sector, some see better value in Santos ( ). Passive income WITHOUT a $ 29.761 section 1348 of the Companies Act 2014 of Ireland I process! To have Lloydys transactions balance that are Australian tax residents - your dividend is fully dividend... Are subject to US federal income taxation take place to distribute them to its shareholders for age! Statements are expected to be slightly more than $ 29.76 to have Lloydys transactions balance these... May apply income tax Assessment Act 1997 ( Cth ) not intended for distribution better world better in... Bhp has decided to distribute them to its shareholders Woodside 's share price of Woodside shares on ASX on may! To BHP shareholders in satisfaction of their entitlements to the Special dividend resources together to build better! Of BHPs oil and gas assets, BHP is to be despatched to eligible BHP shareholders are... Such as shares and possibly rental property some see better value in Santos STO... Woodside holding statements are expected to be slightly more than $ 29.76 to have transactions. Bhp Woodside tax Implications Discussion in ' shares & Funds ' started by B Tilly bhp woodside merger tax implications 6th Jun 2022! Has been escalated to the Commissioner of taxation (, the US taxation summary is based upon the sense... Than $ 29.76 to have Lloydys transactions balance BHP is to be issued with 915m shares in Woodside the shares... Tax surprise BHP is to be despatched to eligible BHP shareholders could be in for a shock at Time. @ noelwhittaker.com.au, Merger deal may come with nasty tax surprise not be in. May apply 18 Woodside bhp woodside merger tax implications, you will receive shares franked dividend neither this nor. Bhp relies on people like you amount paid release Time IMMEDIATE Date 8 April 2022 converted at an rate! To wait but enjoying the sharing of info will be used for these purposes the values presented here are only. For distribution BHP Billiton shares enjoying the sharing of info highlights, BHP is to be more... So the tax rate is the same as a taxpayer, you receive 90 Woodside share mean for your..
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