Tax Information
Tax Information Relating to your Ethane Pipeline Income Fund (EPX) Stapled Security.
An Ethane Pipeline Income Fund (EPX) stapled security consists of one unit in the Ethane Pipeline Income Trust (EPIT) and a unit in the Ethane Pipeline Income Financing Trust (EPIFT).
For tax purposes EPIT is a Division 6C "public trading" trust, which is taxed as if it were a company while EPIFT is a Division 6 "pass through" trust
Distribution Details - Ethane Pipeline Income Fund
Cents per Security (cps)
Period Ending | Payment Date | EPIFT Tax Deferred | EPIFT Trust Distribution/ | Total Distribution cps |
| 31/03/12 | 13/04/12 | 3.15 | 1.00 | 4.15 |
| 31/12/11 | 13/01/12 | 3.15 | 0.98 | 4.13 |
| 30/09/11 | 14/10/11 | 2.74 | 0.98 | 3.72 |
| 30/06/11 | 15/07/11 | 3.33 | 0.63 | 3.96 |
| 31/03/11 | 15/04/11 | 3.28 | 0.69 | 3.97 |
| 31/12/10 | 14/01/11 | 3.15 | 0.68 | 3.83 |
| 30/09/10 | 15/10/10 | 3.21 | 0.69 | 3.90 |
| 30/06/10 | 15/07/10 | 2.66 | 1.76 | 4.42 |
| 31/03/10 | 15/04/10 | 3.69 | 0.70 | 4.39 |
| 31/12/09 | 15/01/10 | 2.86 | 0.53 | 3.39 |
| 30/09/09 | 15/10/09 | 2.86 | 0.53 | 3.39 |
| 30/06/09 | 15/07/09 | 2.32 | 0.78 | 3.10 |
| 31/03/09 | 15/04/09 | 2.29 | 0.79 | 3.08 |
| 31/12/08 | 15/01/09 | 2.30 | 0.77 | 3.07 |
| 30/09/08 | 15/10/08 | 4.46 | 0.98 | 5.44 |
| 30/06/08 | 15/07/08 | 4.19 | 1.18 | 5.37 |
| 31/03/08 | 15/04/08 | 4.19 | 1.18 | 5.37 |
| 31/12/07 | 15/01/08 | 4.13 | 1.29 | 5.42 |
| 30/09/07 | 17/10/07 | 4.23 | 1.21 | 5.44 |
| 30/06/07 | 17/07/07 | 4.61 | 1.45 | 6.06 |
# 100% tax deferred
Tax Status of Distributions
EPIFT Tax Deferred
This component is not assessable as it represents a distribution which exceeds the accounting profit and as such is treated as return of capital for tax purposes. Although the capital component is not assessable it is recognised for tax purposes in the year it is received (at payment date) and does reduce the securityholder’s cost base in calculating the capital gains tax liability when the securities are sold. Over time the cost base is expected to diminish.
EPIFT Trust Distribution/Interest Income
This component is distributed from interest earned and will be taxed at the securityholders marginal tax rate on a present entitlement basis (at record date).
EPIT
No distribution has been made by EPIT.
Managed Investment Trust Notice
Notice for Custodian and Nominee Investors. Click below for past distribution information announcements.
Distribution for quarter ended 31 March 2012
Distribution for quarter ended 31 December 2011
Distribution for quarter ended 30 September 2011
Distribution for quarter ended 30 June 2011
Distribution for quarter ending 31 March 2011
Distribution for quarter ended 31 December 2010
Distribution for quarter ended 30 September 2010
Distribution for quarter ended 30 June 2010
Distribution for quarter ended 31 March 2010
Distribution for quarter ended 31 December 2009
Distribution for quarter ended 30 September 2009
Distribution for quarter ended 30 June 2009
Distribution for quarter ended 31 March 2009
Cost Base
The cost base for an EPX stapled security will be equal to what you paid for it together with any incidental costs of acquisition or disposal such as brokerage fees and stamp duty. You will need to calculate separate cost bases for your EPIT units and your EPIFT units having regard to what you paid for your stapled security. To do this you will need to apportion your cost base for an EPX stapled security across the units held in EPIT and EPIFT. Apportionment must be done on a reasonable basis. The information provided below is designed to assist you in that task.
A reasonable method of apportionment of cost base for acquisitions of EPX stapled securities subsequent to the initial offer is to split your stapled security cost base on the basis of an estimate of the relative net assets of EPIT and EPIFT at the time you acquired your units. To assist with this process, the net assets split for EPIT and EPIFT is shown in the table below:
The Offer Price for each Stapled Security under the Product Disclosure Statement, allotted on 8 September 2006 was $2.00.
For securities acquired after the Offer refer to your broker or allotment statement.
Net Assets of Ethane Pipeline Income Fund Stapled Securities
| Net Assets Weighting EPIT | Net Assets Weighting EPIFT | Information Source |
| 31 December 2011 | 61% | 39% | 2012 Interim Report |
| 30 June 2011 | 58% | 42% | 2011 Financial Report |
| 31 December 2010 | 54% | 46% | 2011 Interim Report |
| 30 June 2010 | 51% | 49% | 2010 Financial Report |
| 31 December 2009 | 48% | 52% | 2010 Interim Report |
| 30 June 2009 | 45% | 55% | 2009 Financial Report |
| 31 December 2008 | 44% | 56% | 2009 Interim Report |
| 30 June 2008 | 42% | 58% | 2008 Financial Report |
| 30 June 2007 | 39% | 61% | 2007 Financial Report |
| September 2006 | 40% | 60% | PDS |
(For example: Units acquired under the initial Offer may be apportioned using the relative net assets $0.80 to EPIT (being $2.00 x 40%) and $1.20 to EPIFT (being $2.00 x 60%)
Further information
2011 Tax Return Guide
2010 Tax Return Guide
Further information on the tax treatment of stapled securities can be found on the Australian Taxation Office website.
You should not rely on this information as taxation or financial advice as it may not be relevant to your particular circumstance. You should seek independent advice from a qualified person to determine the taxation consequences applicable to your circumstances.