Bonus delay
The directors of National Australia Bank, Ltd, are recommending to stockholders a postponement of the bank’s proposed one-for-five bonus issue. The chairman, Sir Rupert Clarke, said the bank had been approached by the Australian Taxation Office, which had stated that an issue of bonus shares at premium of $4 each could result in stockholders receiving assessable income for taxation purposes of $5 a share.
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Bibliographic details
Press, 26 February 1987, Page 28
Word Count
66Bonus delay Press, 26 February 1987, Page 28
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