Company: GVH
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001213900-25-058674
Chunk: 101

Company: Globavend Holdings Ltd
Filing Date: 2025-06-27
Form: 424B4
Chunk 101
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 circumstances. Iris Energy ordinary shareholders
should obtain their own tax advice to determine if these requirements have been satisfied.

Capital Gains Tax (“CGT”) Implications

Disposal of shares

For Australian Resident Holders,
who hold their Ordinary Shares on capital account, the future disposal of Ordinary Shares will give rise to a CGT event at the time which
the legal and beneficial ownership of the Ordinary Shares are disposed of. Australian Resident Holders will derive a capital gain on the
disposal of their Ordinary Shares in Iris Energy to the extent that the capital proceeds exceed the cost base of their Ordinary Shares.

A capital loss will be made
where the capital proceeds are less than the cost base of their Ordinary Shares. Where a capital loss is made, capital losses can only
be offset against capital gains derived in the same or later incomes years. They cannot be offset against ordinary income nor carried
back to offset net capital gains arising in earlier income years. Capital losses may be carried forward to future income years
subject to the satisfaction of the Australian loss testing provisions.

Capital Proceeds

The capital proceeds should
generally be equal to any consideration received by the Australian Resident Holder with respect to the disposal of our Ordinary Shares.

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Cost base of an Ordinary Share

The cost base of an Ordinary
Share will generally be equal to the cost of acquiring the Ordinary Share, plus any incidental costs of acquisition and disposal (i.e.
brokerage costs and legal fees).

CGT Discount

The CGT discount may apply
to Australian Resident Holders that are individuals complying Australian superannuation funds or trusts, who have held, or are taken to
have held, their Ordinary Shares for at least 12 months (not including the date of acquisition or date of disposal) at the time of
the disposal of their Ordinary Shares.

The CGT discount is:

| ● | One-half if the Australian Resident Holder is an individual                                                                  
 or trustee: meaning only 50% of the capital gain will be included in the Australian Resident Holder’s assessable income; and |

| ● | One-third if the Australian Resident Holder is a trustee                                                                               
 of a complying superannuation entity: meaning only two-thirds of the capital gain will be included in the Australian Resident Holder’s 
 assessable income.                                                                                                                     |

The CGT discount is not available
to Australian Resident Holders that are companies.

If an Australian Resident Holder
makes a discounted capital gain, any current year and/or carried-forward capital losses will be applied