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16 September 2024
| Name: | BURSWOOD PROPERTY TRUST (BSD) |
| Date of Delisting: | 23 December 1997 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 23 December 1997.Legal Status:
This entity was delisted more than twenty years ago and we have not yet verified its current legal status. It may well have ceased to exist. If you are still a shareholder or have questions about a shareholding in this entity, they may be taken up with us here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.Capital Gains Tax (CGT) Status:
This company was delisted more than 20 years ago. We are no longer monitoring its status for Capital Gains Tax (CGT) purposes, but if you have a question relating to CGT please email us to admin@delisted.com.au. Any other enquiries relating to a shareholding in the company should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
delisted pursuant to Listing Rule 17.11 at the Company's request | 23/12/1997 |
we understand agreements were concluded which enabled the Trust to take direct operational control of the Burswood Hotel and Casino - $123 million was raised by the issue of equity to Metroplex Berhad to fund the restructuring - the Trust was corporatised by the exchange of Units in the Trust for shares (on a one for one basis) in a new company, Burswood Limited - evidently there was also a distribution of 2.5 cents per unit paid out of the Asset Revaluation Reserve and therefore unfranked - while tax free for income tax purposes it reduced the indexed cost base of units for capital gains tax purposes | 23/12/1997 |
delisted pursuant to Listing Rule 17.11 at the Company's request | 23/12/1997 |
we understand agreements were concluded which enabled the Trust to take direct operational control of the Burswood Hotel and Casino - $123 million was raised by the issue of equity to Metroplex Berhad to fund the restructuring - the Trust was corporatised by the exchange of Units in the Trust for shares (on a one for one basis) in a new company, Burswood Limited - evidently there was also a distribution of 2.5 cents per unit paid out of the Asset Revaluation Reserve and therefore unfranked - while tax free for income tax purposes it reduced the indexed cost base of units for capital gains tax purposes | 23/12/1997 |
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