A Tax Calculator is provided below to assist shareholders in calculating the Australian capital gains tax cost base allocation for Tabcorp shares and The Star Entertainment Group shares. The Tax Calculator is a general guide only and does not constitute tax advice. Shareholders should seek advice from an appropriate professional adviser on the tax implications of the Demerger based on their own individual circumstances.
Based on a share price of $5.68, being the closing price of The Star Entertainment Group shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less. The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs. This online casino site has some of the most extensive gaming catalogues.
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The “core” of Queen’s Wharf Brisbane, described by the government as an “integrated resort”, was expected to open next year. In addition to the casino, it would include high-end retail, hotels, restaurants and a residential tower. Star Entertainment’s new casino forms a major component of the $3.6 billion Queen’s Wharf Brisbane project spruiked by the Queensland government for its economic benefits.
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