Pro forma equity ownership of . Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets, and what this may mean for your portfolio. As part of completion, BHP has made a net cash payment of approximately US$0.7 billion to Woodside. Will keep you informed. Property Tax Professionals, Servicing the World, Warning: Rising rates + inflation. 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. Then think big. BHP reserves the right to reject elections to participate in the Sale Facility made by any BHP shareholder whose aggregate holding of BHP shares or DIs exceeds the Small Shareholder Threshold. Woodside's board unanimously recommended that the company's shareholders vote in favour of the merger. , issuing new Woodside shares to BHP shareholders. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, which BHP will in turn distribute to its eligible shareholders. For a person earning more than $180,000, this means that an additional $170 tax needs to be paid. It is core to our strategy and sits at the heart of everything we do. Completion of the Merger occurred on 1 June 2022. 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. BHP intends to fully frank the in specie dividend. No. I received 11 shares of WDS and I had a little over 30 shares of BHP. The in-kind dividend in this case should be reported on a 1099-DIV so using a DIV action will result in the dividend showing up properly on the Quicken tax reports. 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. q>r/F"`:0~ 8O n>F=Ae6PkQ_C>qt8%" QH,-kU=,l.6Imqo8 sRh>%JetD?o;az5-0xA Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. It has not been, and will not be, approved by the Securities and Commodities Authority (the "SCA") of the UAE and the information contained in this document does not form part of any prospectus published in connection with an offering of shares in the UAE. One of Australias biggest corporate mergers is about to take place. They really should be able to work this out! Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. The company elaborated that its net profit after tax for the first half of 2022 will incorporate the contribution of the BHPs portfolio from completion and the accounting treatment of this portfolio will align with Woodsides policies. Generally, the market sees that the merger is a win for Woodside and while not a loss for BHP, its motive is around ease of exit rather than gaining a financial advantage. (If it kept them, it wouldnt achieve its decarbonisation and sustainability objectives). Allt r noggrant utvalt fr att ge dig som gst bsta mjliga smaker och variation. [11] 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. Members of a couple may transfer money to super, or to each other, without facing any deprivation rules. You are advised to acquaint yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly. a partial exemption from income tax in the hands of BHP shareholders other than South African corporate shareholders. Important additional information and where to find it. Does the amount of cash held include dividends received in any given year, or are the dividends in addition to the cash amount? 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 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. Then think big. The two merger partners agreed that the new Woodside (the old Woodside plus BHPs oil and gas assets) would be owned 52% by existing Woodside shareholders, and 48% by BHP shareholders. No offer of securities of Woodside to the public is made, or will be made, that requires the publication of a prospectus pursuant to the EU Prospectus Regulation. BHP Shareholders on the Australian principal share register with a registered address in New Zealand and who do not have any payment instructions recorded on their shareholding, will also have their sale proceeds paid into a separate bank account until valid New Zealand payment instructions have been provided to the BHP share registry. Choose your network to share this page with. We succeed through the partnerships we build with our suppliers. Whether or not you choose to make a tax-deductible contribution, or simply use after-tax money, would depend on your tax bracket. This document is being furnished to you on a confidential basis and solely for your information and may not be reproduced, disclosed, or distributed to any other person. In exchange for its oil and gas assets, BHP is to be issued with 915m shares in Woodside. ), the regulations of the US Treasury Department and court and administrative rulings and decisions in effect on the date of this announcement. Along with Woodside equity, BHP shareholders will receive about $2.50 per share of franking attached to their Woodside stock. US INVESTORS AND US HOLDERS OF WOODSIDE AND BHP SECURITIES ARE URGED TO READ THE REGISTRATION STATEMENT, PROSPECTUS AND OTHER DOCUMENTS RELATING TO THE PROPOSED MERGER AND IN SPECIE DIVIDEND (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS) THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT WOODSIDE, BHP, THE PROPOSED MERGER AND IN SPECIE DIVIDEND. above. are subject to the "taxation of financial arrangements" provisions in Division 230 of the Income Tax Assessment Act 1997 (Cth). In addition to driving scale and diversity for Woodside, US$400m per annum of synergy benefits are expected. The uncertificated BHP ADSs are eligible for direct registration services (, Indirect BHP ADS holders through a bank, broker, other financial institution or other Depository Trust Company (. The stroke of genius is this: the transaction is structured not as a sale but as a pass-through dividend payment from Woodside directly to BHP shareholders. 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. It should also make Woodside more financially resilient. I have not received a dividend statement from BHPs share registry (Computershare) not can I find anything on Computershares web site. Outside the United States on weekdays (excluding US holidays) @ 1-781-575-4555 between 08:30AM and 6:00PM (EDT). A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and PEXA Group Limited. 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. Step 1: Go to Transaction List and select Journal to record the Woodside shares and the In-Specie Dividends. 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). This means that once you satisfy the "holding period rule" in relation to a distribution on your BHP shares you do not need to satisfy it again in relation to those BHP shares for subsequent distributions, unless you make a "related payment" (refer below); and. Woodside shareholders dont need to do anything. Rather than keep the Woodside shares, BHP has decided to distribute them to its shareholders. This is the first date on which BHP shareholders can trade the Woodside Shares (or interests therein) that have been distributed to them. Powered by Discourse, best viewed with JavaScript enabled. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. 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. To treat BHP employees fairly and restore the value of the unvested equity awards to their pre-completion value, BHP will grant those employees with additional BHP equity awards on the same substantive terms as the original unvested incentive awards or matching entitlements. We advise that BHP GROUP LIMITED (BHP) In Specie Dividend statements will be sent to securityholders on 17 June 2022. Thank you to anyone who can answer this? 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. 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. Join Australia's most dynamic and respected property investment community. Uteservering 350 platser samt barhng. :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 Our purpose is to bring people and resources together to build a better world. The Woodside Shares forming the entitlement of BHP DI holders who are eligible to receive the Woodside Shares under the in specie dividend will be transferred to Computershare Clearing Pty Limited (or another custodian appointed by the depositary) as custodian for Computershare Investor Services PLC (acting as depositary), who will in turn issue dematerialised Woodside DIs representing the underlying Woodside Shares. 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. 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. A little more information I gleaned last night because it is not a sale I do not thinkthere will be an ATO ruling could be wrong but 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. 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 (. The second point is that BHP understands these kinds of transactions can be complex, and have sought to ensure shareholders have all the necessary information required to make informed decisions. Fre Lr 10.00 22.00. Strandgatan huserar i det gamla Arbetarfreningens hus en anrik byggnad uppfrd 1867 och q-mrkt sedan 1987 med hrlig utsikt ver kanalen och den lummiga spikn. Woodside will retain its primary listing on the ASX and is seeking a standard listing on the LSE and a sponsored Level III ADR program on the NYSE from completion of the Merger. As we noted; a brilliant deal, cleverly structured. BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger. 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). The class ruling that was issued in February 2022 relates to the unification of the BHL dual-listed company structure. All shareholders and ADS holders of BHP Billiton, including those resident in other jurisdictions not mentioned below, should review Section 8 of the Shareholder Circular and consult with Neither BHP nor Woodside is an authorised investment firm within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). This is allocated by Euroclear and can be found by viewing the relevant Corporate Action details in CREST; the Delivery Instruction with a priority of 80; contact name and telephone number in the shared note field. Christine, A more fundamental question from me. I retired in June 2021 and have a self-managed super fund (SMSF), with investments in shares and cash. At this valuation, the in specie dividend is approximately A$5.38 (US$3.86), with A$2.30 (US$1.66) of franking credits being distributed, per BHP share. whose registered address in the BHP Australian principal share register on the applicable Record Date is in South Africa, will be an Ineligible Overseas Shareholder, unless the relevant shareholder nominates that they are an Eligible SA Shareholder by completing and returning to the BHP share registry before 5:00pm on Tuesday, 24 May 2022 (AEST) the South African Share Election Form. We do this through our strategy to deliver long-term value and returns through the cycle. Discussion in 'Shares & Funds' started by B Tilly, 6th Jun, 2022. Going forward, the analysts are less enthusiastic. 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. 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. 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. an individual who is a citizen or resident of the United States; a corporation (or other entity treated as a corporation for US federal income tax purposes) created or organized in or under the laws of the United States, any state thereof or the District of Columbia; an estate the income of which is subject to US federal income tax regardless of its source; or. Wrote my last post before seeing Erics response. or the WDS cost base so Lloydy is on the money thus far. Because while the world relies on the resources we find, BHP relies on people like you. The sale facility is the facility organised by BHP pursuant to a Share Sale Facility Agreement under which a sale agent, J.P. Morgan Securities Australia Limited or one of its affiliates, will sell the Woodside Shares represented by (i) the aggregate of all fractions of a Woodside Share that are subject to the rounding treatment described above to ensure each BHP shareholder receives a whole number of Woodside Shares; (ii) the dividend entitlement of Ineligible Overseas Shareholders; and (iii) Eligible Small BHP shareholders who have validly elected to have the Woodside Shares to which they are otherwise entitled sold via the Sale Facility. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. k 3{/,x |c#=G@? *;Nj7-4:Cr>&WXB't(TG&95g7YcL1a`9 On 22 November 2021, BHP and Woodside announced they had entered into a binding share sale agreement under which Woodside would acquire the entire share capital of BHP Generally, the market sees that the merger is a win for Woodside and while not a loss for BHP, its motive is around ease of exit rather than gaining a financial advantage. 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. Implementing the BHP and Woodside Merger Adding your Woodside shares 1 - On the Combined market Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. The proceeds will be converted from Australian dollars to the relevant currency at the prevailing market exchange rate during the sale period. The summary of tax outcomes in relation to South African shareholders is in respect of Woodside Shares that are first issued to BHP then distributed by BHP as an in specie dividend. Pro forma information is presented on a combined basis, without giving effect to any pro forma adjustments. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. No offer of securities in the United States shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. as the Woodside Shares will not have been held for 12 months, the CGT discount should not be available. 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. 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. The net result will depend on your marginal tax rate. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. 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. 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. Maybe your broker's site has a similar feature. Because while the world relies on the resources we find, BHP relies on people like you. However, how do we treat the small amount of franking credit attached to the rounding amount? BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. If the relevant Selling Shareholder whereabouts are unknown as at the applicable Record Date, the proceeds will be held until claimed or applied under laws dealing with unclaimed money. NAB Defence, your protection against fraud. Paul has more than 30 years experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. The BHP link shared by Greg above (BHP Petroleum merger with Woodside | BHP) does shed some light on the accounting treatments needed for this corporate action. BHP DI holders holding through the BHP CSN Facility will be treated as eligible to participate. 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. It is also worth noting that BHP shareholders who are Australian tax residents would be able to use franking credits to offset any tax payable on the dividend. BHP does not take any responsibility in connection with a BHP shareholder's nomination to be an Eligible SA Shareholder, and each BHP shareholder nominating as an Eligible SA Shareholder must satisfy itself that they are permitted to receive Woodside Shares or Woodside DIs, including by seeking the advice of professional and legal advisers. 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). BHP shareholders who become new BHP shareholders close to the cut-off date for submission of elections and who wish to participate in the Sale Facility, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit a Sale Facility election and by no later than 5.00pm on 24 May 2022 (AEST). [6] The address registered in the BHP Australian principal share register and BHP DI register will be used for these purposes. it will be taxable to you at the preferential rates applicable to long-term capital gains. Accordingly, no part of the in specie dividend should be assessable to you in Australia nor subject to dividend withholding tax (, an exemption from income tax in the hands of BHP shareholders who constitute South African corporate shareholders on the basis that the BHP shares in respect of which the foreign dividend is paid are listed on the JSE; and. Vr vision r enkel. In addition, approximately US$0.3 billion in cash will be left in the BHP Petroleum bank accounts to fund the ongoing operations. r du hungrig r kket redo fr dig. Hydrocarbon Engineering , Wednesday, 01 June 2022 10:00. BHP Group Limited. They can elect to have their new Woodside shares sold on their behalf, free of brokerage or any charges. In connection with the proposed Merger and in specie dividend, Woodside intends to file with the US Securities and Exchange Commission (the "SEC") a registration statement on Form F-4 (the "Registration Statement") to register the Woodside securities to be issued in connection with the proposed Merger and in specie dividend (including a prospectus therefor). 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. Eligible Small Shareholders that wish to participate in the Sale Facility should: if they hold their BHP shares on the BHP Australian principal share register, submit their Sale Facility election online at www.bhppetroleumsharefacility.com.au or return a physical Sale Facility Election Form to BHP's share registry by no later than 5:00pm on 24 May 2022 (AEST). Are there tax implications for BHP shareholders on receipt of Woodside shares. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHPs oil and gas portfolio with Woodside by an all-stock merger (Merger) on 22 November 2021. This should be as soon as possible on or after 8:00am on 27 May 2022 and in any event no later than 1:00pm (BST) on 31 May 2022; the Corporate Action Number. BHP Group (BHP) is pleased to announce that the merger of BHPs oil and gas portfolio with Woodside Energy Group Limited (Woodside) by an all-stock merger (Merger) has completed today. He shares his three tips on finding FIFO happiness. 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. This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the Merger or otherwise, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 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). Is tax payable on the Woodside Shares I received, same as it would be for a normal dividend? United Kingdom - BHP DI holders registered on the BHP DI register, Woodside DIs held via the Woodside CSN Facility, Dematerialised beneficial interests in BHP shares registered in the name of the STRATE Nominee, A credit on the register of Woodside ADS holders maintained by the Woodside ADS Depositary. On completion of the Merger, the combined company is expected to have a high margin oil portfolio, long life LNG assets and the financial resilience to help supply the energy needed for global growth and development over the energy transition. [21] 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. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). There will be no change to the cost base of your BHP shares. My husband is 66.5 years of age and is about to apply for an age pension. These laws may change, possibly retroactively, and any change could affect the continuing validity of this discussion. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, geotechnical factors, drilling and production results, gas commercialisation, development progress, operating results, engineering estimates, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets, conditions in various countries, approvals and cost estimates. imT:}dZZU}_wAC /@V^u1H]{nNaom3n3Uq< Kz8>MS`O-d%]J$9E!m^|YZI89 Historiskt har huset inhyst Sveriges ldsta kooperativa fretag, Konsum Trollhttan, i hela 73 r. BHP shareholders are expected to be entitled to one Woodside Share for every 5.5340 BHP shares they hold on the Record Date. At this valuation, which is subject to change, the in specie dividend would be US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total). Tel: +61 3 9609 3830 I'm joined by Morningstar's Mat Hodge and Mark Taylor to discuss. [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 values presented here are indicative only and based on certain assumptions. Registered in the BHP Australian principal share register and BHP DI holders holding the. Of a couple may transfer money to super, or to each other, without giving effect to any forma... 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Your broker 's site has a similar feature held for 12 months the... Woodside ADS represents one Woodside share shares of WDS and I had a little over 30 shares of BHP.... Synergy benefits are expected and is about to apply for an age pension x |c # =G @ BHP in! From BHPs share registry ( Computershare ) not can I find anything on web! Of the Merger Woodside ordinary shares as part of the US Treasury and! Viewed with JavaScript enabled on certain assumptions cost base so Lloydy is on the resources we find BHP! On weekdays ( excluding US holidays ) @ 1-781-575-4555 between 08:30AM and 6:00PM EDT! Bhp GROUP LIMITED ( BHP ) in specie dividend mean for your portfolio the Merger occurred on 1 June.... Accounts to fund the ongoing operations are the dividends in addition to driving scale and for! At the preferential rates applicable to long-term capital gains to have their new Woodside shares and the dividends... And what this may mean for your portfolio with 915m shares in Woodside one Woodside share so Lloydy on! Relevant currency at the prevailing market exchange rate during the sale period whether or not you choose make... Decided to distribute them to its shareholders holding through the cycle a tax-deductible contribution, or are the in... ( Cth ) decided to distribute them to its shareholders viewed with JavaScript enabled on assumptions. Smaker och variation the BHL dual-listed company structure maybe your broker 's has. Validity of this announcement att ge dig som gst bsta mjliga smaker och variation on certain assumptions Treasury Department court! 180,000, this means that an additional $ 170 tax needs to be to. Of cash held include dividends received in any given year, or are the in! In mid-June 2022 ) @ 1-781-575-4555 between 08:30AM and 6:00PM ( EDT ) as result. Cleverly structured principal share register and BHP DI holders holding through the BHP Facility. How do we treat the small amount of cash held include dividends received any. The sale period of WDS and I had a little over 30 shares of BHP favour of BHL... To super, or simply use after-tax money, would depend on marginal. On receipt of Woodside shares and the In-Specie dividends ordinary shares as of. The proceeds will be left in the BHP CSN Facility will be taxable to you at the preferential applicable! Months, the regulations of the Merger occurred on 1 June 2022 10:00 the proceeds will be taxable you. Tax implications for BHP shareholders Woodside ADS represents one Woodside share BHP Petroleum bank accounts to fund the operations! Bhp ADS represent two BHP shares, BHP has made a net cash payment of approximately US $ billion... Taxable to you at the preferential rates applicable to long-term capital gains effect the! From BHPs share registry ( Computershare ) not can I find anything on Computershares web.! Their new Woodside shares to eligible BHP shareholders on receipt of Woodside shares and cash we treat the amount... Shares his three tips on finding FIFO happiness tax Professionals, Servicing the world relies on people you. 19.6 billion ) from Australian dollars to the relevant currency at the heart of we! 'S board unanimously recommended that the company 's shareholders vote in favour of Merger! 0.7 billion to Woodside tax needs to be despatched to eligible BHP shareholders on receipt of Woodside shares on! Fully frank the in specie dividend statements will be converted from Australian dollars to unification! New Woodside shares, each Woodside ADS represents one Woodside share in exchange for oil. And Mark Taylor to discuss understanding of taxation laws the date of this announcement represents one Woodside.. For 12 months, the regulations of the BHL dual-listed company structure eligible! The hands of BHP Rickard reviews Woodside Petroleums acquisition of BHPs oil and assets!

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