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The payment relates to listed securities held in a superannuation or pension wrap account, or an investor-directed portfolio service account, and is compensation to customers of CBA Group Licensees for any loss they may have suffered as a result of any failure to communicate details of corporate actions related to the listed securities they held.
As the payment has been made to your superannuation or pension account, the trustee is responsible for the tax-related consequences of receiving the payment. If you have any questions regarding the tax implications of this payment, please discuss these with the trustee.
The payment relates to listed securities held in an investor-directed portfolio service account and is compensation for any loss you may have suffered as a result of any failure to notify you of corporate actions. The general tax treatments are:
These should be included in your tax return for the year you receive these payments. This applies if:
The comments in the section headed “Australian Tax Implications of the payment” have been agreed with the Australian Taxation Office and are for general information purposes only. We are not in a position to provide you with specific taxation advice regarding your particular circumstances. We recommend that you obtain the advice of your accountant or other independent taxation adviser regarding the tax consequences of your circumstances. If you need to discuss your tax consequences with the Australian Taxation Office, quote reference number 1-ZZXDIQX.