What Are Stapled Securities?
A stapled security is when two or more securities — such as a company share and a trust unit — are legally bound together and trade as one.
Each part keeps its own income type and cost base, which affects how your distributions appear for tax reporting.
Common stapled securities on the ASX include:
Abacus Group (ASX: ABG)
APA Group (ASX: APA)
Charter Hall Group (ASX: CHC)
Charter Hall Long WALE REIT (ASX: CLW)
Charter Hall Retail REIT (ASX: CQR)
Charter Hall Social Infrastructure REIT (ASX: CQE)
Cromwell Property Group (ASX: CMW)
Dexus Industria REIT (ASX: DXI)
Goodman Group (ASX: GMG)
GPT Group (ASX: GPT)
Lendlease Group (ASX: LLC)
Mirvac Group (ASX: MGR)
Scentre Group (ASX: SCG)
Stockland (ASX: SGP)
Transurban Group (ASX: TCL)
Vicinity Centres (ASX: VCX)
Waypoint REIT (ASX: WPR)
Why This Matters
Stapled securities often issue an AMIT or AMMA statement (Attribution Managed Investment Trust / Annual Member Attribution).
This statement breaks down your yearly income into trust and non-trust components — for example:
Trust income (from the trust side)
Non-trust or company income (from the share side)
Franking credits, capital gains, and cost base adjustments
At present, Navexa doesn’t automatically split these components when you use the ETF Distributions Pro-Rata Tax Form.
This means your Taxable Income Report may only show part of the total income (usually the trust component) until you adjust it manually.
How to Manually Record Stapled Security Income
You can still get accurate results by splitting the income yourself.
1. Enter Your AMIT or AMMA Statement Components
Go to Tax Reporting › Taxable Income Report.
Use the Enter Statement Components button for the stapled holding.
Enter all income components listed on your AMMA or tax statement — trust income, non-trust income, franking credits, capital gains, and any cost base adjustments.
Save the form.
2. Open the Holding’s Income Tab
Return to your Holdings page and select the stapled security.
Go to the Income tab.
Find the distributions paid for that financial year.
3. Edit the Distribution Entries
Open the relevant distribution by selecting Edit.
Remove the portion that belongs to the trust component (or vice versa).
Save the change — this leaves only the non-trust portion in that entry.
Then add a new dividend/distribution entry for the other component (for example, create a new “Trust Distribution” entry).
Each distribution should now show as two separate records — one for trust income and one for non-trust income.
4. Check the Totals
Make sure the total of both entries equals the full amount on your AMMA statement.
Confirm the cost base adjustments (if any) are noted for your Capital Gains Tax (CGT) records.
5. Verify in the Taxable Income Report
Re-run your Taxable Income Report.
You should now see both trust and non-trust income correctly displayed in their respective sections.
Detailed Example: Splitting Income for a Stapled Security
Let’s say you hold Transurban Group (ASX: TCL), one of Australia’s largest stapled securities.
Your 2024-25 AMMA statement shows:
Component | Amount (AUD) |
Trust income (from the trust) | $720.00 |
Non-trust income (from the company) | $480.00 |
Franking credits | $210.00 |
Capital gains (discounted) | $60.00 |
Cost base increase | $90.00 |
Total distribution received | $1,200.00 |
Here’s how to handle that in Navexa:
Step 1 — Enter the AMIT Components
Go to Tax Reporting › Taxable Income Report.
Select your Transurban Group holding.
Click Enter Statement Components.
Fill in the fields using the values from your AMMA statement:
Trust income: $720
Non-trust income: $480
Franking credits: $210
Capital gains: $60
Cost base increase: $90
Click Save.
At this point, Navexa will record the AMIT details but your Income tab will still show one $1,200 distribution.
Step 2 — Split the Distribution Manually
Go back to the Holdings › Transurban Group › Income tab.
Find the $1,200 distribution entry for the relevant financial year.
Click Edit.
Change the Amount field to $480 to represent only the non-trust portion.
Update the Description (e.g. “Non-trust Income – FY 2025”).
Click Save Changes.
Now click Add Income and create a new entry for the trust portion:
Amount: $720
Description: “Trust Income – FY 2025”
Distribution type: Distribution (Trust)
Click Save again.
You’ll now see two entries in the Income tab:
Date | Description | Amount (AUD) |
30 June 2025 | Trust Income – FY 2025 | 720.00 |
30 June 2025 | Non-trust Income – FY 2025 | 480.00 |
Total |
| 1,200.00 |
Step 3 — Confirm the Split in Reports
When you run your Taxable Income Report, you’ll now see:
$720 correctly allocated to Trust Income
$480 allocated to Non-Trust Income
$210 in Franking Credits
$60 in Capital Gains
And your cost base increase of $90 will appear in your CGT records
Everything now mirrors your AMMA statement, giving you a fully compliant record for tax time.
Tips
Always cross-check your totals against your AMMA statement before finalising.
Keep a note of cost base adjustments for CGT purposes — these may affect future capital gains calculations.
If your income appears under the wrong category, re-check that both trust and non-trust entries were created correctly.
Coming Soon
We’re working on an update that will automatically identify and split trust and non-trust components for stapled securities.
Once released, you won’t need to manually edit distributions for these holdings.
Remember, this is general information, not personal financial advice.