Frequently Asked Questions
Scentre Group Stapled Securities are only listed on the Australian Securities Exchange (ASX), under ASX Code “SCG”.
Scentre Group (ASX Code: SCG) has established a Level 1 American Depositary Receipt (ADR) program which will permit investors to invest in Scentre Group through a US traded security.
The Scentre Group ADR is traded on the US over-the-counter market (“Pink Sheets”) and the Bank of New York Mellon acts as the Depositary Bank.
Each Scentre Group ADR has a ratio of 1:1.
The official Scentre Group ADR code is SCTRY.
A Stapled Security is a combination of separate securities that trade together as one security on the Australian Securities Exchange (ASX).
A single Scentre Group Stapled Security comprises:
- 1 Scentre Group share
- 1 Scentre Group Trust 1 unit
- 1 Scentre Group Trust 2 unit
- 1 Scentre Group Trust 3 unit
Scentre Group is listed on the Australian Securities Exchange (ASX Code: SCG). To purchase or sell units, you should contact your stockbroker. If you do not already have a stockbroker, you can call the ASX Broker Referral Service Line on 1300 300 279 or go to their website: www.asx.com.au.
The number of securities can be found on your latest distribution statement, CHESS statement or issuer sponsored holding statement, providing you have not made any change to your investment since those statements were issued. Alternatively you may contact the securityholder registry or check at My Scentre securities.
The value of your investment in Scentre Group can be determined by multiplying the number of Stapled Securities held by the current security price. The number of Stapled Securities can be found at My Scentre securities or on your latest distribution statement, CHESS statement or issuer sponsored holding statement. Security price information is available on this website at Security Price.
To do this, you need to send written authorization to the unit registry quoting your Securityholder Reference Number and signing your request. Unfortunately, it is not possible to do this over the internet as your signature is required for security reasons. The appropriate forms are available on this website at Securityholder Forms.
Advice on TFNs, ABNs or exemptions can be made over the phone or in writing to the registry. You may choose not to provide your TFN or ABN, but if you do not provide this your distribution may be taxed at the highest marginal rate.
If you are an individual holder of Stapled Securities, you can change your address by phoning our securityholder registry on 1300 730 458 or by emailing firstname.lastname@example.org. You will be asked to verify your registration details for security purposes. If you hold your securities jointly or in the name of a company, you will need to write to the securityholder registry quoting your Securityholder Reference Number and signing your request.
The appropriate forms are available at Securityholder Forms. Please note that if you are a CHESS sponsored holder you will need to advise your stockbroker if you would like to change your address details.
If you are an individual holder of securities, you can change your annual report election by phoning our securityholder registry on 1300 730 458. You will be asked to verify your registration details for security purposes. If you hold your securities jointly or in the name of a company, you will need to write to the securityholder registry quoting your Securityholder Reference Number and signing your request.
A HIN is a Holder Identification Number beginning with an X. The HIN is issued to you after you have entered into an agreement with a stockbroker. Securities identified by a HIN are referred to as “broker sponsored” securities. If your Stapled Securities are held under a broker sponsored agreement you will need to notify the broker of any change of name and address. Please note you are not required to notify the Group or the Registrar. The HIN provides you with additional security for your investments. This number is very important and should be recorded and kept secure and confidential as it will need to be quoted in all dealings with and communications with your broker and the share registry. If you misplace your HIN you will need to contact your broker who will assist you. A SRN is a Security Reference Number starting with an I. Investors who do not have a broker agreement are automatically sponsored by the issuer and hold their Stapled Securities in an uncertificated form. Securities identified by a SRN are referred to as “issuer sponsored” securities. Change of address and bank details can be done by completing a form on this website at Securityholder Forms. The SRN provides you with additional security for your investments. The number is very important and should be recorded and kept secure and confidential as it will need to be quoted in all dealings and communications with the share registry. If you misplace your SRN you will need to contact Computershare Investor Services and a confirmation of your holding stating your SRN will be sent to you. If you believe someone has obtained knowledge of your SRN and may use it fraudulently, contact Computershare Investor Services immediately on 1300 850 505 to request a trading lock on your securities. You will need to complete a replacement SRN form, complete the required details and forward to the relevant Computershare Investor Services office.
The security price is available on our Security Price page and is updated every 20 minutes.
If you think that one of your holding statements or payment advices has been stolen, you should notify the Registry immediately who will assist you with an urgent replacement of your SRN. The appropriate form is available on this website at Securityholder Forms. If you are broker sponsored you will need to contact your broker.
Yes. However, how you transfer your Stapled Securities will depend on your individual circumstances. If you are a broker sponsored investor, you will need to contact your sponsoring broker who will arrange the transfer on your behalf. If you are an issuer sponsored investor and would like to transfer your securities to another person, you will need to complete an Off Market Transfer Form. This form is used to transfer securities from an existing holder to a buyer. If the buyer is not a current holder of securities in the applicable entity, or the buyer fails to enter their SRN, a new holding will be created for them. Please note that CHESS holders (i.e. broker sponsored holders) must contact their sponsoring broker to complete this transaction. The appropriate form is available on this website at Securityholder Forms.
How you change your name on your holding will depend upon your individual circumstances. If you are a broker sponsored investor, you will need to contact your sponsoring broker who will arrange for the change of your name on your behalf. If you are an issuer sponsored investor, you can change your name by completing a Name Correction Request and Indemnity Form. The form should be completed and signed correctly and accompanied by relevant supporting documentation. If you are signing under a power of attorney, a certified copy of the original power of attorney must be lodged with the Registry for noting (if not already noted). Supporting documentation requirements differ, depending on the reason for the change of name. Change of name by marriage – We also require a certified copy of your marriage certificate. Change to maiden name – If you wish to revert to your maiden name, we require a certified copy of your marriage certificate. Change of name by deed poll – We require a certified copy of the deed poll. Change of company name – We require a certified copy of the Certificate of Registration of Change of Name.
Scentre Group pays distributions on a half-yearly basis at or around the end of February and August.
Scentre Group does not currently have a DRP in place.
If the bank rejects your direct credit distribution payment, a cheque will be automatically generated when the funds are returned to the Registry, Computershare Investor Services. It will be mailed to your current registered address shortly thereafter. You will also be asked to update your bank account details for future payments.
Information like your address details, payment instructions and Annual Report request can be checked online by making an enquiry at My Scentre securities. Please note, for security you will be asked to provide your SRN/HIN and your registered postcode.
If you believe you have unpresented cheques, please contact the Registry which will be able to do a search for you and assist you in recovering your funds. The Registry will be able to do a search going back seven years, after that you should contact the NSW Office of State Revenue. If you believe you have unclaimed money, please go to the NSW Office of State Revenue website www.osr.nsw.gov.au, where you can search for your funds and make a claim to recover your funds online.
When an investor dies, their assets form part of their estate. The administration of an estate can be complex, time consuming and sometimes distressing. For your convenience we have outlined the requirements of the Registry when dealing with an estate. To enable the Registry to process your request, we will require a certified copy of the death certificate. The below link provides details of documents required when dealing with the securities of an individual deceased securityholder where the deceased was an Australian resident. Deceased Estate Checklist for Australian Residents. The below link is to a form used to transfer securities from a joint holding where one or more of the holders is/are deceased to the surviving holders. Request to Register Surviving Holder(s). Due to the various circumstances relating to deceased estates there may be a number of forms depending on individual circumstances. Forms relating to deceased estates can be found on this website at Securityholder Forms. You should however contact your legal or other professional adviser when dealing with deceased estates.
Scentre Group values its investors and we are committed to providing friendly, efficient and satisfactory customer service. If you have a complaint, you may contact Scentre Investor Relations by phone, email, facsimile or in writing. All complaints received will be handled in a fair, confidential and responsive manner. The nature and pattern of complaints received will be reviewed on a regular basis with a view to identifying and resolving both individual and systematic issues.
(02) 9358 7877
International callers should dial (+61 2) 9358 7877
Scentre Group Investor Relations
GPO Box 4004
Sydney NSW 2001
- What distributions/dividends are included in the 2016 Tax Statement?
The distribution/dividend reflected in the Scentre Group 2016 Tax Statement and Tax Summary are as follows: Scentre Group distribution/dividend paid on the 31 August 2015 and Scentre Group distribution/dividend paid on 29 February 2016.
The Tax Statement and Tax Summary cover all the distributions paid to members by Scentre Group Limited, SGT1, SGT2 and SGT3 during the period 1 July 2015 to 30 June 2016 and that should be included on your 2016 Tax Return.
Please note that the year end of SGT1 and SGT2 for taxation purposes is 31 December. Accordingly, the distribution for the six months ended 30 June 2016 (as an interim distribution for the calendar year to 31 December 2016) that is to be paid in August 2016 should be included in your 2017 Tax Return. Dividends paid by Scentre Group Limited and SGT3 are taxable in the income year in which they are paid.
- Why have I been sent 2 tax statements?
There is one named Tax Statement and one named Tax Summary
Tax Statement – This statement should be used by Australian resident individual members to complete their 2016 Australian income tax return. The statement shows the taxable amounts of your distributions and the appropriate labels for these amounts to be included in your tax return.
Tax Summary–This is a summary of the Australian taxation consequences of the distributions you received.
- Why are the tax deferred amounts on the Tax Statement shown as nil?
There are no tax deferred amounts in respect of the distributions from Scentre Group Trust 1 and Scentre Group Trust 2 for the year.
- In the Tax Summary why is the taxable amount more than the gross cash distribution?
Under Australian tax law, members include in their assessable income their proportionate share of the taxable income (including any net capital gains) of SGT1 and SGT2. A member’s proportionate share of the taxable income (including any net capital gains) of each of the Trusts for an income year may be more than or less than the cash distributions paid by each of the Trusts in respect of that income year. Usually the proportionate share of the taxable income for an income year is less than the cash distributions paid in respect of that year.
However, for the 2016 income year each member’s proportionate share of the taxable income of each of the Trusts is higher than their cash distributions received from each of the Trusts. This arises due to the capital gains realised by the Trusts on the sale of four Australian shopping centres (at Figtree, North Rocks, Strathpine and Warrawong) and the repatriation of proceeds following the joint venture of 5 shopping centres in New Zealand.
- In what Tax Return do I include my August 2016 distribution/dividend and when will this be paid?
The Scentre Group’s distribution for the 6 months to June 2016 will be paid on 31 August 2016. This distribution is an interim distribution for the calendar year to 31 December 2016 and should be included in your 2017 Tax Return.
The reason for this is that the year end of SGT1 and SGT2 for taxation purposes is 31 December.
- Will the ATO pre-fill my tax return with the Scentre group distribution information and what do I do if the pre-fill data is different to the amounts on my tax statement?
Scentre Group has provided details of the distributions to the ATO and expects that the ATO will have the data available for pre-filling. However, the pre-filling is done by the ATO and not by Scentre Group.
If the pre-fill data is different to the amounts provided on your Tax Statement you should use the amounts on the Tax Statement.
- What if I need more information on the Tax Statement and Tax Summary?
Call Investor Relations on 1800 222 242 or 02 9358 7877
The responses to your questions are intended to provide general tax information only and do not take into account your particular circumstances. If in any doubt, tax advice should be sought from a taxation adviser or your accountant as to the tax treatment in respect of individual circumstances.
- If I sell my Stapled Securities, how do I calculate my capital gains tax?
A Scentre Group Stapled Security comprises four separate assets for capital gains tax purposes (one ScentreGroup Limited share, one Scentre Group Trust 1 unit, one Scentre Group Trust 2 unit and one Scentre Group Trust 3 unit). For capital gains tax purposes you need to apportion the cost of each Stapled Security and the proceeds on sale of each Stapled Security over the separate assets that make up the Stapled Security. This apportionment should be done on a reasonable basis. One possible method of apportionment is on the basis of the relative Net Tangible Assets of the individual entities.
The first NTA will be made available at the end of August 2014 at the Taxation Information page.
General information can be found on the ATO website
Scentre Group will pay a distribution which usually contain a tax deferred portion. We will confirm any tax deferred amounts paid to you in your annual taxation statement.
The annual tax statements will be forwarded to investors each year during the month of July. If you are searching for information about how to complete past tax returns, please refer to the relevant tax guides on this website at Taxation Information.
This information is available at Investor Services on the Scentre Group website at Taxation Information.
Cost Base Information
For former Westfield Group securityholders;
For former Westfield Retail Trust securityholders;
US IRS Forms 8937 – Report of Organisational Actions Affecting Basis of Securities;
Additional information for securityholders is contained in the following Australian Taxation Office (ATO) documents;
For former Westfield Group securityholders;
For former Westfield Retail Trust securityholders;
Scentre Group share registry
Computershare Investor Services Pty Limited
Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
GPO Box 2975, Melbourne VIC 3001, Australia
Enquiries: 1300 730 458
Telephone: (+61 3) 9946 4471
Facsimile: (+61 3) 9415 2500
Scentre Group contact information
Scentre Group Investor Relations
GPO Box 4004
Sydney NSW 2001
Telephone: (+61 2) 9358 7877
Facsimile: (+61 2) 9358 7881
Phone (02) 9358 7877 International callers should dial (+61 2) 9358 7877 Email email@example.com In writing: Scentre Group Investor Relations GPO Box 4004 Sydney NSW 2001