It's a non-cash adjustment to the balance sheet. Essentionally long-term liabilities (provisions) are reduced by the adjustment amount. I don't see how they can get out of tax as presumably provisions were used to reduce tax in prior years, and this is now reversed. No doubt this is overly simplistic as the real tax position is always complex.
NTA per share will increase nonetheless so good news for you shareholders.
ROC Price at posting:
46.2¢ Sentiment: None Disclosure: Not Held
