Note
Please note that BGL does not provide accounting or taxation advice. The following article is designed as a guide for Simple Fund 360 and Simple Invest 360 users. It is not designed to be accounting or tax advice and should not be taken as a strict guideline. Other more suitable methods may be used instead of these steps.
Overview
Under the Westpac Capital Notes 10 Prospectus and Westpac Capital Notes 6 Reinvestment Offer, eligible Westpac Capital Notes 6 holders may apply to participate in the Reinvestment Offer in respect of all or some of their Westpac Capital Notes 6 held on the Reinvestment Offer Record Date.
Instructions
This article offers guidance for those participating in the Reinvestment Offer how to process this corporate action.
Example
BGL SMSF held 1,000 units of Westpac Capital Notes 6 (WBCPI) on 01/11/2023 and decided to take the reinvestment offer for half of its Westpac Capital Notes 6 holdings.
Per the reinvestment offer, BGL SMSF was allocated 500 units of Westpac Capital Notes 10 (WBCPM) on 18 Dec 2023.
You will need to manually post the below journals from the Transaction List for the participating units of Westpac Capital Notes 6.
Date | Account | Units | Debit | Credit |
18/12/2023
|
Investment/Westpac Capital Notes 10 (WBCPM) | 500 | 50,000 | |
Investment/Westpac Capital Notes 6 (WBCPI) | 500 | 50,000 |