investor faqs

Diamantina Power Station

About your securityholding

If I have any questions about my securityholding or my Australian entitlements, who do I contact?

Contact Link Market Services, APA's Share Registry;

Link Market Services Limited

Level 12, 680 George Street, Sydney NSW 2000 Australia

Telephone: 1800 992 312

Email: [email protected]

Website: www.linkmarketservices.com.au

If you have any Investor Relations enquiries / questions regarding the business, please contact APA’s Group Head of Investor Relations on +61 2 9693 0097 or [email protected].
How can I give notification of my Tax File Number (TFN)?

Advice of TFNs can be made over the phone or in writing to Link Market Services. You may choose not to provide your TFN, but if you are an Australian tax resident individual and you do not provide your TFN, distributions to you that are assessable income will have income tax deducted from them at the highest marginal rate.
Can you tell me more about the tax applied to my securities?

Please refer to the information provided on our Tax Information page in the My Securities section of this website or consult your tax advisor or accountant.

About your distributions payment

When will I receive my distributions?

Distributions by APA will be paid semi-annually in March and September.
What is my investment worth?

The value of your investment with APA can be determined by multiplying the number of securities held by the current security price. The number of securities can be found on your latest holding statement. Share price information is available on the APA Security Price chart or on the ASX website: www.asx.com.au
How are distributions paid?
APA pays cash distributions to securityholders in Australia and New Zealand by direct credit:
- Direct credit in Australian dollars to a nominated account in Australia
- Direct credit in New Zealand dollars to a nominated account in New Zealand
Effective from the interim 2014 distribution, no cheque payments will be made to securityholders residing in Australia or New Zealand. Securityholders in other countries may receive cheque payments in Australian dollars.

Eligible securityholders can participate in APA's Distribution Reinvestment Plan (DRP) when the Plan is operating.

You may notify APA's Security Registry Link Market Services Ltd of the Australian or New Zealand bank account into which you would like payments made by completing a Direct Credit of Payments form available from Link Market Services.

If your holding is currently worth less than $50,000, you can nominate your bank account online here.

If your holding is currently worth more than $50,000, your request will need to be in writing and include:
- your Securityholder Reference Number (SRN) or Chess Holder Identification Number (HIN). These can be found on your latest holding statement
- your full name and address
- all securityholders signatures
- banking details, including your bank, branch and account numbers.
Please post this notification to:

APA Group Securities Registry

c/- Link Market Services

Locked Bag A14

Sydney South NSW 1235
Why is the record date 30 June but payment not until September for the final distribution?

Having the record date for the final distribution on or before 30 June ensures that securityholders are not effectively taxed on distributions from APA Invest at a higher rate than necessary.

APA Invest is a pass through trust and as such net taxable income is taxable in the hands of securityholders in the year the income is earned, provided the holder is ‘presently entitled’ to the income at 30 June. Entitlement to the income is deemed to be on the record date.

Where the record date is after the end of the financial year any undistributed income in APA Invest is taxed in the hands of the Trustee at the highest marginal individual tax rate which may exceed what would be payable by some securityholders.

To ensure the Trustee does not have to pay the top marginal tax rate, and securityholders benefit from the pass through trust structure, APA's Board previously decided to bring forward the record date for all future distributions to the last business day on or before 30 June.
Why is APA's distributions per security greater than earnings per security (EPS)? Is APA paying distributions using debt?

APA pays distributions to securityholders from excess operating cash flows that remain in the business after paying all costs (including interest) and maintenance capital costs. APA looks to strike a balance between rewarding securityholders with sustainable increases in distributions over the longer term and retaining funds in the business in support of APA's organic growth and investment activities.

Whilst distributions have historically exceeded earnings (profit), they remain well within APA's operating cash flows and therefore remain sustainable going forward. This is primarily the result of the large non-cash accounting cost of depreciation when compared to the low levels of maintenance capex. As a result, from an accounting sense, distributions are generally taken from net profit after tax plus the excess of depreciation over maintenance capex.

Please note that APA’s trust structure allows distribution payments to exceed net profit.
What is APA's distribution policy?
APA’s distribution policy is that distributions:
- Will be fully covered by operating cash flows;
- Must be sustainable over the longer term;
- Will generally grow in line with growth in operating cash flow; and
- Will be determined in the context of the financial conditions at the time.
APA’s Board reviews this policy at each distribution date.

About APA financial results

Will annual financial results be posted on this website?

Full year and half-year results are available on this website. See the Reports and Presentations page to access the results for the period you are looking for.
Where can I obtain a copy of the annual report?

APA's annual reports are available through our Reports and Presentations page.

If you wish to receive a copy by mail email your details to [email protected]

About your tax

When will I receive my annual tax statement?

You will receive your annual tax statement with your final distribution mid-September. This will set out all the tax components required for you to complete your income tax return. APA will also provide a Tax Guide to assist you in preparing your income tax return.
How do I complete my tax return?

You should refer to your APA Group Annual Tax Statement and the APA Tax Guide when preparing your income tax return.

Distribution components from APA Infra and APA Invest must be separately disclosed in your income tax return. These distribution components will be set out in your annual tax statement.
Can I complete my tax return now (before I receive the annual tax statement)?

The tax components of APA distributions for the financial year will be disclosed in the APA Group Annual Tax Statement mailed with your final distribution expected to be mid-September.

Securityholders who wish to prepare their tax return prior to receiving their APA Group Annual Tax Statement and the APA Group Tax Return Guide for the financial year, can use APA’s Annual Tax Statement Estimator to generate pro forma tax return inputs. Information provided by the Estimator is based on information submitted by Securityholders and may differ to the information contained in an individual’s APA Group Annual Tax Statement due to factors such as rounding and user input. APA Group specifically disclaims any and all liability for use or reliance upon the Estimator for any reason whatsoever. Securityholders should use your APA Group Annual Tax Statement to complete their final tax return for the relevant tax year and consult professional and financial services advisors relating to their particular tax or financial position.
Why can’t my tax statement be prepared earlier?

The actual amount of the final distribution is determined with the audited Full Year results. Tax components are also determined at this time.

This is consistent with other similarly structured stapled trust securities.
Where can I locate past Tax Return Guides?

Please refer to our tax information section here.