Tax Repayments on the loan advanced by Macquarie bank for each warrant are met from the dividend flow. It is therefore unlikely that any NZ income tax would be payable by most NZ taxpayers during the life of the warrant. Please refer to the NZ investment statement for additional tax information. The forgoing information or any other information on the MoneyOnLine web site is not intended to be a comprehensive examination of taxation as it relates to this investment. Individual investors should seek independent taxation advice if they are at all uncertain about how to apply the information to their particular circumstances.
Taxation law can and does change.
The risks associated with the price of the warrants are similar but greater than the normal risks associated with the underlying shares because the warrants are leveraged. Expect greater volatility. PEWs are denominated in Australian dollars, therefore for NZ investors there is currency risk. On the basis of current Australian laws there are no circumstances in which you would have a liablility to pay any money to any person as a result of insolvency of the issuer. All fees and expenses and brokerage are included in the purchase price of the Warrants.