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 paper 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.
Miscellaneous
2000
Taxation of hybrid securities
Source: Victoria
Published Date: 20 Jun 2000
Individual Session
Taxation of hybrid securities
Author(s):
Emanuel Hiou CTA
Materials from this
session:
Details
- Published By: Emanuel Hiou CTA
- Published On:20 Jun 2000
- Took place at:The Windsor
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Tags
Miscellaneous
2000
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