Tax Information
General Tax Information
Relative Cost Base
Characterisation of Prime Infrastructure for US Tax Purposes
Communication of Tax Information
Unmarketable Security Sale Facility
Historical Tax Information
General Tax Information
Prime Infrastructure comprises Prime Infrastructure Holdings Limited (PIHL), Prime Infrastructure Trust (PIT) and Prime Infrastructure Trust No 2 (PIT 2) (together PIH). Prime Infrastructure RE Limited is the responsible entity for PIT and PIT 2 (Responsible Entity). An investment in Prime Infrastructure is an investment in a Triple Stapled Security comprising a share in PIHL, a unit in PIT and a unit in PIT 2.
The Triple Stapling took place by way of an in-specie distribution by PIT of a PIT 2 Unit to all Securityholders on 20 November 2009, immediately after the conversion of the Exchangeable Preference Shares and immediately prior to the allotment of New Securities in Prime Infrastructure (being the new Stapled Securities offered and issued under the Recapitalisation). Details of the Recapitalisation are set out in the Prospectus and Product Disclosure Statement to the Recapitalisation. Click here to access further information on the recapitalisation.
Relative Cost Base
Click here to access the most recent relative cost base information.
Characterisation of Prime Infrastructure for US Tax Purposes
The fiscal year for all Prime Infrastructure entities is currently from 1 July to 30 June. For US tax purposes, PIHL and PIT 2 are classified as corporations and PIT will be classified as a corporation for fiscal years commencing on 1 July 2009. PIHL and PIT are not expected to be ‘passive foreign investment corporations’ (PFIC) for US tax purposes. PIT 2 is expected to be a PFIC for the fiscal year ended 30 June 2010. While PIT 2 is a PFIC, all income attributed to US investors through their investment in PIT 2 is expected to be distributed to investors within 3 months of the end of the fiscal year in which the income is earned.
Communication of Tax Information
In relation to each distribution of Prime Infrastructure, each investor will be provided with a:
- Tax Distribution Statement – setting out the amount and character of distributions and dividends paid by Prime Infrastructure entities for Australian tax purposes.
Annually, each investor will be provided with a:
- Tax Guide – describing in general terms how to treat the receipt of a distribution or dividend from Prime Infrastructure entities for Australian tax purposes.
If you are a registered as a US resident investor or have specifically requested this information from the Registry you will also be provided with a:
- PFIC Annual Information Statement – describing the pro-rata share of the PIT 2’s ordinary earnings and net capital gains on the basis that the investor has made a Section 1295 Election (Qualified Electing Fund (QEF) Election).
Unmarketable Security Sale Facility
Click on the following link to access the Sale Facility Taxation Guide.
Historical Tax Information
Click on the links below to access historical taxation information.
Recapitalisation Tax Guide
Click here to access the Recapitalisation Tax Guide.
US Withholding Tax
Click here to access information regarding US withholding tax.
Babcock & Brown Infrastructure
For historical taxation information in relation to Babcock & Brown Infrastructure Stapled Securities, click on the links below.
BBI Tax Statement Guide 2008
Relative Cost Bases of BBI Stapled Securities
BBI EPS Limited
For historical taxation information in relation to BBI EPS Limited Exchangeable Preference Shares, click on the links below.
BBI EPS Limited Tax Statement Guide 2009
BBI EPS Limited Tax Statement Guide 2008
Alinta Tax Information
All former Alinta shareholders were sent a personalised tax statement and tax guide in September 2008. A sample of these documents can be viewed by clicking here.
The Alinta Share Scheme Participation Tax Calculator can be accessed by clicking here.