cgt on aggregation, page-4

IF the amalgamation goes ahead shareholders will be deemed to have sold their CER shares and many shareholders will be up for capital gains tax.

as has been said here before ...

From page 115 of the Explanatory Memorandum.. under 'TAX CONSEQUENCES'(pg 22 Grant Samuel Report)

"As part of the transaction process by which CER securityholders will receive stapled Centro Retail Australia securities, there will be a return of capital on CER securities, with the proceeds used to subscribe for CAWF and DHT units that will then be stapled to CER securities.(CER securityholders will not receive any cash under the return of capital). The result will be that CER securityholders will be deemed to receive a return of capital of $0.18 per CER security. The return of capital will be a capital gains tax event.CER securityholders who acquired their securities at prices lower than $0.18 will realise a taxable capital gain based on the difference between $0.18 and their acquisition cost.The number of CER securityholders subject to this gain is unknown. However, CER securities traded below $0.18 generally between September 2008 and November 2010."