ANZ.NZX - Anyone holding?

[nztx]

For other shares, holders via Sharesies have been able to participate in such offers. Normally they've advise direct.

Likewise .. given a Sharesies nominee bulk hold arrangement, I imagine fractions of shares will probably be available for rights ?

Mind you I don't hold many ANZ either..

[Waltzing]

and ANZ enters the back straight well positioned in the pack but CBA well in the lead...

[Waltzing]

and ANZ moving up the pack on the back straight after dropping back entering the back straight bend...

[Bjauck]

If NZ resident ANZ shareholders let their ANZ 1:15 rights lapse and ANZ remit to them a premium for the lapsed rights they sell on their behalf, will that premium become a taxable dividend as far as NZ is concerned? ANZ are relying on NZX listing exemptions and they are not getting approval from any NZ authorities. That would certainly stink big time as ANZ is the biggest bank operating in NZ.

[percy]

https://stockhead.cmail20.com/t/d-l-...l-yupddjlly-c/

[winner69]

https://stockhead.cmail20.com/t/d-l-...l-yupddjlly-c/

Thats very good eh percy

[Bjauck]

https://stockhead.cmail20.com/t/d-l-...l-yupddjlly-c/

To paraphrase Captain Mainwaring: "You silly Bankers, ANZ!"

It just shows you how low NZ has fallen - to let another country's Zombie Bank become our biggest bank.

[Nor]

If NZ resident ANZ shareholders let their ANZ 1:15 rights lapse and ANZ remit to them a premium for the lapsed rights they sell on their behalf, will that premium become a taxable dividend as far as NZ is concerned? ANZ are relying on NZX listing exemptions and they are not getting approval from any NZ authorities. That would certainly stink big time as ANZ is the biggest bank operating in NZ.

Tax implications probably be covered in the booklet, July 26th I think. May only cover Australian situation but that would be close enough for me if I were not going to take them up.

[percy]

Thats very good eh percy

He does a weekly article.
Always fun and he nails it.

[Bjauck]

Tax implications probably be covered in the booklet, July 26th I think. May only cover Australian situation but that would be close enough for me if I were not going to take them up.

There are many situations where Australian company issues and distributions have tax implications for NZ residents that are vastly different from the tax implications for Australian residents. The NZ definition of a "dividend" for tax purposes may differ. In addition, in some situations Australian residents have capital gains tax implications, which NZ residents do not.


The info on the implications of the issue is already online. They have only published info on Australian tax consequences despite the issue being available for both Australian and NZ residents. Australian rulings have been obtained.
https://retailentitlementoffer.anz.com/offer/