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Westpac and St.George merger

The merger between Westpac and St.George was implemented on 1 December 2008. The scheme was completed through an all-scrip merger, with eligible St.George shareholders receiving 1.31 Westpac ordinary shares for each St.George ordinary share held at the record date of 24 November 2008.

Australian Taxation Office Ruling

The following information was released to the Australian Securities Exchange (ASX) on 5 December 2008:

"On 22 October 2008, the Australian Taxation Office (ATO) issued a class ruling CR2008/63 on the tax implications of the merger of St.George Bank Limited (St.George) and Westpac Banking Corporation (Westpac) for the former St.George shareholders. The class ruling accords with section 9 of the Scheme Booklet. The ATO accepts the market value of the Westpac shares received by St.George shareholders, for tax purposes, as the volume weighted average price (VWAP) at which Westpac shares traded on the ASX on the Implementation Date, 1 December 2008. The VWAP for Westpac shares on 1 December 2008 was $17.1882."

Key releases

December 2008

Australian Taxation Office Ruling - St.George and Westpac merger (PDF 18KB) 5/12/2008

Implementation of merger (PDF 37KB)  1/12/2008

November 2008

Federal Court of Australia approves St.George Westpac merger (PDF 29KB) 17/11/2008

Shareholders approve merger with Westpac (PDF 41KB)  13/11/2008

October 2008

St.George and Westpac welcome Treasurer's approval for merger (PDF 37KB) 23/10/2008

September 2008

St.George/Westpac merger - Scheme Booklet released  29/09/2008

St.George and Westpac agree revised merger terms (PDF 46KB) 8/09/2008

Amended and restated MIA (PDF 3MB)   8/09/2008

August 2008

Westpac welcomes ACCC approval 13/08/2008

July 2008

Westpac welcomes ACCC statement of issues (PDF 29KB)  23/07/2008

May 2008

St.George and Westpac sign Merger Implementation Agreement (MIA).

Read the joint St.George / Westpac media release (PDF 51KB)  26/05/2008

Read the joint St.George / Westpac MIA (PDF 330KB)  26/05/2008

Read the Investor presentation (PDF 258KB) 26/05/2008

St.George and Westpac sign Merger Process Agreement (PDF 66KB)  13/05/2008

Read the investor presentation (PDF 200KB)  13/05/2008

St.George and Westpac announce that they have entered into discussions regarding a proposed merger   12/05/2008