Distributions & Taxation
Distribution Policy
Region intends to distribute approximately 85-95% of funds from operations each year.
Distribution Payment Frequency
Distributions are announced and declared in December and June for each financial year on the Australian Stock Exchange. Distributions will be paid on a six-monthly basis at the end of January and at the end of August in respect of those announcements.
Distributions are only paid by direct credit
Distributions will be paid by Region by direct credit only. Unless you have provided your direct credit instructions, you will not receive payment of any distributions declared.
Go on-line to https://investorcentre.linkmarketservices.com.au/Login/Login to provide your bank account or financial institution account information and other details including your Tax File Number.
Alternatively contact the RGN Information Line on 1300 318 976 (within Australia) (or +61 1300 318 976 outside Australia) to request the forms to be sent to you.
Distribution Reinvestment Plan (DRP)
Region does have a DRP that from time to time is available to participate in.
Unitholders can elect to participate in the plan by logging on to https://investorcentre.linkmarketservices.com.au/Login/Login or calling the Region Information Line on 1300 318 976 (or +61 1300 318 976 outside Australia) and completing the DRP Election Form.
Details of when the DRP is activated will be made as part of the distribution announcement to the Australian Stock Exchange (ASX).
Further information can be accessed:
Distribution History
Period Ended | Date Paid | Distribution (cps) | DRP Price ($) |
---|---|---|---|
31 December 2022 |
31 January 2023 |
7.50 |
$2.61 |
30 June 2022 |
31 August 2022 |
8.00 |
$2.80 |
31 December 2021 |
31 January 2022 |
7.20 |
$2.88 |
30 June 2021 |
31 August 2021 |
6.70 |
$2.42 |
31 December 2020 |
29 January 2021 |
5.70 |
$2.40 |
30 June 2020 |
31 August 2020 |
5.00 |
$2.22 |
31 December 2019 |
29 January 2020 |
7.50 |
$2.71 |
30 June 2019 |
30 August 2019 |
7.45 |
$2.48 |
31 December 2018 |
29 January 2019 |
7.25 |
$2.51 |
30 June 2018 |
31 August 2018 |
7.10 |
$2.46 |
31 December 2017 |
29 January 2018 |
6.80 |
$2.25 |
30 June 2017 |
31 August 2017 |
6.70 |
$2.13 |
31 December 2016 |
30 January 2017 |
6.40 |
$2.18 |
30 June 2016 |
31 August 2016 |
6.20 |
NA |
31 December 2015 |
30 January 2016 |
6.00 |
$2.04 |
30 June 2015 |
31 August 2015 |
5.80 |
$2.09 |
31 December 2014 |
30 January 2015 |
5.60 |
$1.85 |
30 June 2014 |
31 August 2014 |
5.60 |
NA |
31 December 2013 |
30 January 2014 |
5.40 |
NA |
30 June 2013 |
31 August 2013 |
5.60 |
NA |
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 https://investorcentre.linkmarketservices.com.au/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://investorcentre.linkmarketservices.com.au/Login/Login 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.
The relative net asset split of the entities:
Region Management Trust | Region Retail Trust | |
---|---|---|
31 December 2022 |
0.4% |
99.6% |
30 June 2022 |
0.4% |
99.6% |
31 December 2021 |
0.5% |
99.5% |
30 June 2021 |
0.4% |
99.6% |
31 December 2020 |
0.4% |
99.6% |
30 June 2020 |
0.4% |
99.6% |
31 December 2019 |
0.4% |
99.6% |
30 June 2019 |
0.4% |
99.6% |
31 December 2018 |
0.4% |
99.6% |
30 June 2018 |
0.4% |
99.6% |
31 December 2017 |
0.4% |
99.6% |
30 June 2017 |
0.4% |
99.6% |
31 December 2016 |
0.4% |
99.6% |
30 June 2016 |
0.4% |
99.6% |
31 December 2015 |
0.4% |
99.6% |
30 June 2015 |
0.1% |
99.6% |
31 December 2014 |
0.4% |
99.6% |
30 June 2014 |
0.4% |
99.6% |
31 December 2013 |
0.0% |
100.0% |
30 June 2013 |
0.5% |
99.5% |
11 December 2012 |
0.6% |
99.4% |