Miscellaneous 2000

Taxation of hybrid securities

Source: Victoria

Published Date: 20 Jun 2000

 

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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.

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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