Saw some "accumulating" etfs over in Europe which do not pay distributions from the underlying but instead automatically reinvest it back into the fund.
My question is - how does the ATO treat this ? Does it treat it as if you have participated in a DRIP ? Or is the reinvested funds taxed as CGT when you later sell the fund ?
Googled and found nothing so wondering if someone else have bought similar etfs for a longer term investment.