tax information
APA Annual Tax Statement Estimator
Securityholders should refer to the APA group Annual Tax Statement and the APA Group Tax Return Guide when preparing their income tax return. Should Securityholders wish to prepare their tax return before receiving the APA Group Annual Tax Statement and APA Group Tax Return Guide, Securityholders can use APA's Annual Tax Statement Estimator to generate a Pro-Forma Estimated Annual Tax Statement.
Securityholders must read and accept the Disclaimer and Assumptions before using the Annual Tax Statement Estimator.
Tax Return Guides
Tax Transparency Report
APA Group Stapled Security Tax Cost Base Allocation
Tax Information Relating to your APA Group Stapled Security
On 4 January 2007, new units in APA Investment Trust (APA Invest) were issued to unitholders of APA Infrastructure Trust (APA Infra). These new units were stapled to the existing APA Infra units to form the stapled group - APA Group - which is listed on the Australian Stock Exchange under the ASX code "APA".
An APA Group stapled security comprises a unit in APA Infra and a unit in APA Invest. These units must be traded as one APA Group stapled security on the Australian Stock Exchange. However APA Infra units and APA Invest units each comprise separate assets for Australian capital gains tax purposes.
Your cost base for an APA Group stapled security will be equal to what you paid for it together with any incidental costs of acquisition or disposal such as brokerage fees and stamp duty. You will need to calculate separate cost bases for your APA Infra units and your APA Invest units having regard to what you paid for your APA Group stapled security. To do this you will need to apportion your costs base for an APA group stapled security across the units held in APA Infra and APA Invest. This apportionment must be done on a reasonable basis. The information provided below is designed to assist you in that task.
This net asset information will be updated shortly after announcement of the APA Group Annual and Half Year Financial Results.
Net Assets of APA Group
| Date | Net Assets Weighting APA Infra | Net Assets Weighting APA Invest | Information Source |
|---|---|---|---|
| 30 June 2024 | 77.00% | 23.00% | 2024 Financial Report |
| 31 December 2023 | 79.55% | 20.45% | 2024 Interim Financial Report |
| 30 June 2023 | 70.31% | 29.69% | 2023 Financial Report |
| 31 December 2022 | 73.50% | 26.50% | 2023 Interim Financial Report |
| 30 June 2022 | 74.97% | 25.03% | 2022 Financial Report |
| 31 December 2021 | 75.07% | 24.93% | 2022 Interim Financial Report |
| 30 June 2021 | 73.56% | 26.44% | 2021 Financial Report |
| 31 December 2020 | 73.91% | 26.09% | 2021 Interim Financial Report |
| 30 June 2020 | 71.69% | 28.31% | 2020 Financial Report |
| 31 December 2019 | 72.78% | 27.22% | 2020 Interim Financial Report |
|
30 June 2019 |
72.38% | 27.62% | 2019 Financial Report |
|
31 December 2018 |
72.90% | 27.10% | 2019 Interim Financial Report |
|
30 June 2018 |
74.21% | 25.79% | 2018 Financial Report |
|
31 December 2017 |
75.40% | 24.60% | 2018 Interim Financial Report |
|
30 June 2017 |
74.60% |
25.40% |
2017 Financial Report |
|
31 December 2016 |
73.65% |
26.35% |
2017 Interim Financial Report |
|
30 June 2016 |
74.02% |
25.98% |
2016 Financial Report |
|
31 December 2015 |
73.90% |
26.10% |
2016 Interim Financial Report |
|
30 June 2015 |
76.45% |
23.55% |
2015 Financial Report |
|
31 December 2014 |
77.96% |
22.04% |
2015 Interim Financial Report |
|
30 June 2014 |
76.16% |
23.84% |
2014 Financial Report |
|
31 December 2013 |
75.80% |
24.20% |
2014 Interim Financial Report |
|
30 June 2013 |
76.17% |
23.83% |
2013 Financial Report |
|
31 December 2012 |
76.58% |
23.42% |
2013 Interim Financial Report |
|
30 June 2012 |
76.03% |
23.97% |
2012 Financial Report |
|
31 December 2011 |
75.92% |
24.08% |
2012 Interim Financial Report |
|
30 June 2011 |
75.97% |
24.03% |
2011 Financial Report |
|
31 December 2010 |
76.7% |
23.3% |
2011 Interim Financial Report |
|
30 June 2010 |
75.6% |
24.4% |
2010 Financial Report |
|
31 December 2009 |
75.7% |
24.3% |
2010 Interim Financial Report |
|
30 June 2009 |
71.2% |
28.8% |
2009 Financial Report |
|
31 December 2008 |
67.2% |
32.8% |
2009 Interim Financial Report |
|
30 June 2008 |
70.8% |
29.2% |
2008 Financial Report |
|
31 December 2007 |
72.1% |
27.9% |
2008 Interim Financial Report |
|
30 June 2007 |
74.3% |
25.7% |
2007 Financial Report |
|
31 December 2006 |
72.7% |
27.3% |
2007 Interim Financial Report |
Cost Base of securities issued under the Distribution Reinvestment Plan (DRP)
Refer to the Distribution Reinvestment Plan for the issue price of securities. In determining the cost base for an APA Infra unit and an APA Invest unit you may use the Net Assets split of APA Group from the table above.
Cost Base of securities issued under the Security Purchase Plan (SPP) on 22 September 2023
The Issue Price under the SPP was $8.46 per stapled security. In determining the tax cost base for an APA Infrastructure Trust (APA Infra) unit and an APA Investment Trust (APA Invest) unit issued under the SPP, securityholders should consider allocating 70.3% of the issue price to an APA Infra unit and 29.7% of the issue price to an APA Invest unit.
Cost base of securities issued under the Retail Entitlement Offer on 7 March 2018 and 23 March 2018.
The Issue Price under the Retail Entitlement Offer was $7.70 per stapled security. In determining the cost base, on the basis of net asset split, allocate 75.40% of the Issue Price to an APA Infra unit and 24.60% of the Issue Price to an APA Invest unit.
For Australian Annual Investment Income Reporting (AIIR) and non–resident withholding tax purposes the Retail Premium proceeds have been attributed as 75.40% to APA Infra and 24.60% to APA Invest treated as proceeds for a capital gains tax (CGT) event.
The taxation consequences of participating in the Retail Entitlement Offer were set out in Section 7 of the Retail Entitlement Offer Booklet. APA recommends that you seek your own tax advice in relation to any payments received in respect of renounced entitlements.
Cost Base of securities issued under the Retail Entitlement Offer on 23 December 2014 and 28 January 2015.
The Issue Price under the Retail Entitlement Offer was $6.60 per stapled security. In determining the cost base, on the basis of net asset split, allocate 76.16% of the Issue Price to an APA Infra unit and 23.84% of the Issue Price to an APA Invest unit.
For Australian Annual Investment Income Reporting (AIIR) and non–resident withholding tax purposes the Retail Premium proceeds have been attributed as 76.16% to APA Infra treated as an unfranked dividend and 23.84% to APA Invest treated as proceeds for a capital gains tax (CGT) event.
The taxation consequences of participating in the Retail Entitlement Offer were set out in Section 7 of the Retail Offer Booklet. APA recommends that you seek your own tax advice in relation to any payments received in respect of renounced entitlements.
Cost Base of securities issued under the Security Purchase Plan (SPP) on 18 March 2010
The Issue Price under the SPP was $3.37 per stapled security. In determining the cost base, on the basis of the net asset split, allocate 75.7% of the Issue Price to an APA Infra unit and 24.3% of the Issue Price to an APA Invest unit.
Cost Base of securities issued under the Security Purchase Plan (SPP) on 8 December 2008
The Issue Price under the SPP was $2.5935 per stapled security. In determining the cost base, on the basis of the net asset split, allocate 70.8% of the Issue Price to an APA Infra unit and 29.2% of the Issue Price to an APA Invest.
Cost Base of securities issued under the Security Purchase Plan (SPP) on 29 November 2007
The Issue Price under the SPP was $3.5938 per stapled security. In determining the cost base for an APA Infra unit and an APA Invest unit the Board of APA allocated 25% of the Issue Price for each new APA stapled security to an APA Infra unit and 75% of the Issue Price to an APA Invest unit.
Cost Base of Units Owned at the Time of Stapling on 4 January 2007
Information on the apportionment of your cost base for units held at the time of stapling was previously provided in the letter to security holders dated 20 July 2007.
Cost Base of Units Acquired Subsequent to Initial Stapling
A reasonable method of apportionment of cost base for acquisitions of APA Group stapled securities subsequent to the initial stapling is to split your APA Group stapled security cost base on the basis of an estimate of the relative net assets of APA Infra and APA Invest at the time you acquired your units. In order to assist you with this process, the net assets split for APA Infra and APA Invest at 30 June 2007 is shown below.
Australian Taxation Office
On 22 June 2011 the ATO issued Class Ruling CR 2011/60 in relation to the interim capital distribution paid by APA Infra on 17 March 2011. The Class Ruling states that the Commissioner will not seek to apply Section 45B of the Income Tax Assessment Act to deem the interim capital return to be a dividend.
While CR 2011/60 is only binding in respect of APA Infr's 2011 interim distribution, it is currently expected that future capital returns made by APA Infra will be paid in a manner consistent with the circumstances set out in CR 2011/60.
Further Information
Further information on the tax treatment of stapled securities can be found on the Australian Taxation Office website .
You should not reply on this information as taxation or financial advice as it may not be relevant to your particular circumstances. You should seek independent advice from a qualified person to determine the taxation consequences applicable to your circumstances.
