Published on 20 Jun 00
by VICTORIAN DIVISION, THE TAX INSTITUTE
Since October 1998, Australian companies have raised over A$7 billion through the issue of hybrid securities in the form of trust preferred securities and income securities. This is a reflection of the active capital management strategies which have been adopted by some Australian multinational companies, particularly banks, as a means of enhancing shareholder value. The main purpose of this powerpoint presentation is to consider the main taxation consequences of the different types of hybrid securities which have been issued by Australian companies since October 1998. Some observations will also be made about the main focus of the ATO's review. This is a powerpoint presentation.
Current at 04 May 2011
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