This guide helps you record the 2022 BHP/Woodside transaction in Navexa using the platform’s current manual workflows, in a way that best matches the ATO class ruling and keeps your income and CGT records clear.
Overview
The 2022 BHP/Woodside transaction was a fully franked in specie special dividend, not a demerger for ATO purposes. In practical terms, that means you should record it in Navexa as two separate items: the WDS shares you received, and the BHP dividend that funded them. For this event, do not rely on a demerger-style cost base split if you want your Navexa records to best match the ATO ruling.
This guide applies if you received WDS shares on 1 June 2022. If your entitlement was sold through the sale facility and you received cash proceeds instead of WDS shares, use your statement and sale proceeds instead of the share-entry steps below.
Before you start
This BHP/Woodside workflow is easiest if your holdings are set up correctly first.
If you already held Woodside Petroleum Limited (WPL) before it became Woodside Energy Group Ltd (WDS), rename that holding to WDS first.
If you already have a WDS holding in Navexa, add the 1 June 2022 entry into that existing holding instead of creating a second one.
If you do not already hold WDS, create it manually first using Add Holdings → Add Trade Data Manually.
How to record the WDS shares
In Navexa, the WDS side of this event should be recorded as a manual buy-style or opening-balance-style entry dated 1 June 2022.
Go to Add Holdings → Add Trade Data Manually.
Choose Stock/Security.
Select Woodside Energy Group Ltd (ASX: WDS).
Enter the trade date as 01/06/2022.
Enter the quantity of WDS shares you received.
Use the ratio 1 WDS share for every 5.534 BHP shares held, rounded down to a whole share.
Enter $29.76 as the price per share.
Leave Brokerage as 0 unless your own paperwork shows otherwise.
Save the holding or trade. This manual entry is used to establish the WDS quantity, acquisition date, and $29.76 cost base in Navexa.
If you already held WDS
If you already held WDS, add this as a new manual trade inside that holding rather than creating a separate WDS holding. Use the same date, quantity, and $29.76 per-share cost base.
How to record the BHP special dividend
The BHP side of this event should be recorded as a separate dividend on your BHP holding.
Open your BHP holding.
Go to the Income tab.
Click Add.
Set the Ex-Dividend Date to 27/05/2022.
Set the Paid Date to 01/06/2022.
Enter the Franked Amount using your BHP dividend statement.
If you do not have the statement handy, you can usually calculate the franked amount as: number of WDS shares received × $29.76.
Enter the Franking Credits from your dividend statement.
If you need a fully franked estimate, calculate franking credits as: Franked Amount × 3 ÷ 7.
Enter 0.00 for Unfranked Amount unless your statement shows otherwise.
Click Add Dividend to save.
Use your actual BHP dividend statement wherever possible, as registry rounding, sale-facility treatment, or shareholder-specific outcomes may differ from the simple estimate.
Example: You held 1,000 BHP shares
If you held 1,000 BHP shares, you received:
1,000 ÷ 5.534 = 180.70, so record 180 WDS shares
WDS share entry: 180 × $29.76 = $5,356.80
BHP dividend franked amount: usually $5,356.80
Estimated franking credits if fully franked: $2,295.77
Use your actual BHP dividend statement if it differs because of rounding, registry treatment, or a sale-facility outcome.
If you already recorded this as a demerger
If you already used the merger or demerger tool for this event, remove those incorrect entries and re-enter the event manually using the steps above.
Delete or edit the incorrect BHP/WDS trade entries.
Remove any demerger-style cost base split created for this event.
Re-enter the WDS shares manually at $29.76 per share.
Re-enter the BHP dividend separately in the Income tab.
Common questions
Why should I not use the demerger tool for this event?
For this event, do not rely on a demerger-style cost base split if you want your Navexa records to best match the ATO ruling. Recording the WDS shares manually and the BHP dividend separately keeps the income event visible and avoids an incorrect cost base split.
Why is the WDS cost base $29.76 per share?
The WDS cost base is $29.76 per share because that is the market value accepted by the Commissioner for the in specie distribution on 1 June 2022.
What if I received cash instead of WDS shares?
If your WDS entitlement was sold through the sale facility, or you were an ineligible foreign shareholder whose entitlement was sold, do not use the WDS share-entry steps above. Use your sale proceeds and supporting statement instead.
What if I already held WPL before the transaction?
If you already held WPL, rename it to WDS first, then add the new 1 June 2022 WDS entry into that holding.