National Australian Bank Income Security (NABHA) is treated as traditional security in Class however NAB’s website indicates National Income Security (NIS) is not to be treated as traditional security.
Refer to the NAB website for further information on National Income Securities.
The CGT classification is mapped at a community level provided by ASX reference point.
Class acknowledges that you may take the view in TD 2009/14 and various Class Rulings issued on other Australian Banks. The ATO may hold the view that a NIS is a single instrument (comprised of a note and a preference share) and that no part of the NIS is traditional security.
To update the Capital Gain Classification at the Fund level
Navigate to Fund Level > Investment > Browse Holding Account
- Click on NABHA
- From the investment detail page, click on Edit
- From the pop-up screen, tick Enable Editing of Reporting Categories
- Choose relevant Capital Gain Classification from the drop-down list
- Click on Save
We recommend you get independent taxation advice on this matter prior to changing the default capital gain classification.