Regards

John F

31.  Under the demergers, which took place on 1 August 2006, MIG stapled secruity holders received one  SRT unit and one SRL share (an SRG stapled secruity) for every three MIT(I) and MIT(II) unites they owned respectively.

32.  The demerger of SRT by MIT(I) was conducted by way of a capital reduction, effectived by an inspecie distribution of all MIT(I)'s units in SRT to MIG stapled security holders on a one for three basis.  MIT(I) accounted for the demerger by debiting its contributed equity account in the sum of $44,600,247. (or approx $0.018 per MIT(I) unit).

33.  The demerger of SRL by MIT (II) was conducted by way of a capital reduction and a distribution of accumulated surplus profits, effected by an in specie distribution of all of MIT(II)'s shares in SRL to MIG stabpled security holders on a one for three basis.  MIT(II) accounted for the demerger by debiting its contributed equirty account in the sum of $797,778,681 (or approx $0.322 per MIT(II) unit) and its retained earnings account in the sum of $106,562,504 (or approx $0.043 per MIT (II) unit).

You may also find the following links of use:

http://www.macquarie.com.au/ws/calc/MIGServlet

Attachments - not sure where I found these:

 

	Post Attachments
	MIG_SydneyRoads_costbase_noroll.pdf (271 views, 275.94 KB)

If information is also required for the next step - script for script rollover - SRG to Transurban, the specifics may be found in ATO Class Ruling CR 2007/21.

http://law.ato.gov.au/atolaw/view.htm?dbwidetocone=06%3AATO%20Rulings%20and%20Determinations%20(Including%20GST%20Bulletins)%3ABy%20Type%3ARulings%3AClass%3A2007%3A%2304930210000%23CR%202007%2F21%20-%20Income%20tax%26c%20scrip%20for%20scrip%20roll-over%26c%20exchange%20of%20shares%20in%20Sydney%20Roads%20L...%3B