Distributions & Taxation

Distributions

Region (formerly SCA Property Group) is a stapled group comprising a unit in the Region Retail Trust (ARSN 160 612 788) (formerly Shopping Centres Australasia Property Retail Trust – SCA Retail Trust) and a unit in the Region Management Trust (ARSN 160 612 626) (formerly Shopping Centres Australasia Property Management Trust – SCA Management Trust).

In respect of each income tax year, you will be required to include your share of the net income of the Region Retail Trust in your assessable income for tax purposes. Region will provide unitholders with annual taxation statements in August for the prior tax year.

You should not complete your tax return for the prior tax year before you receive this annual taxation statement.

Distributions from the Region Retail Trust may include various components, the tax treatment of which may differ. If you are an Australian tax resident and an individual, distributions from the Region Retail Trust received in August will generally need to be included your tax return for the preceding tax year.

Distributions from Region Management Trust will be taxed as dividends and may be franked.

Annual Taxation Statement

If you are an Australian tax resident and an individual, you will receive an Annual Taxation Statement around late August each year. Amounts in this Annual Taxation Statement will generally need to be included in your tax return for the preceding taxation year. Unitholders are advised to rely on the information in the Annual Taxation Statement rather than information that may be displayed in the pre-filling service of the Australian Taxation Office.

You should not complete your tax return for the preceding taxation year until you receive the Annual Taxation Statement.

To obtain your Annual Taxation Statement go to our security registary at https://au.investorcentre.mpms.mufg.com/Login/Login  or contact the Region Information Line on 1300 318 976 (within Australia) (or +61 1300 318 976 outside Australia) to request the Annual Taxation Statement to be sent to you.

Resident withholding tax deductions

If you are classified as an Australian tax resident for Australian tax purposes, you will have resident withholding tax deducted on the full amount of your distributions unless you provide your Tax File Number (TFN) or Australian Business Number (ABN). The rate at which TFN withholding tax is deducted can vary from year to year.

TFN withholding tax is a refundable credit. That is, if the credit exceeds the tax liability you would otherwise have, it will be refunded to you by the Australian Taxation Office. For further information you should contact your own tax advisor.

Go to https://au.investorcentre.mpms.mufg.com in order to provide your TFN or ABN or your bank account or financial institution account information and other details online for your holding. Alternatively contact the Region Information Line on 1300 318 976 (within Australia) (or +61 1300 318 976 outside Australia) to request the forms to be sent to you.

Cost base allocation

A Region (formerly SCA Property Group) stapled unit comprises two separate assets for capital gains tax purposes – one unit in Region Management Trust (formerly Shopping Centres Australasia Property Management Trust) and one unit in Region Retail Trust (formerly Shopping Centres Australasia Property Retail Trust). For capital gains tax purposes you need to apportion the cost base of each stapled unit and the proceeds of sale of each stapled unit over the separate assets that make up the stapled unit on a reasonable basis. One generally accepted method of apportionment is on the basis of the relative net assets of the individual entities.