NWC Demerger - Demerger Relief Not Available

Hi team,

I need to enter adjustments for the demerger of NWC and KOB (Both ASX listed). Unfortunately, Demerger relief is not available based on the ATO ruling attached.

So once I have determined the cost base to be entered for KOB as a result of the demerger, is it correct that I need to use ‘Buy Trade’ instead of ‘Opening Balance’?

Because since there’s no demerger relief, in order to account for correct CGT discount I would need to use buy trade, because opening balance would assume CGT discount apply? Do I understand this correctly?

NWC KOB Demerger ATO Ruling

Thank you!