ITAA 1936 s 45B(9)

Australia and New Zealand Banking Group Limited - ANZ Capital Notes 9

Bendigo and Adelaide Bank Limited - Capital Notes 2

Insurance Australia Group Limited - IAG Capital Notes 3

Westpac Banking Corporation - Westpac Capital Notes 10

Macquarie Group Limited - Macquarie Capital Notes 7

Income tax: On-market share buy-backs - application of section 45B

Reduction in a shareholder's equity interest by the way of share buy-back: section 45B does not apply

Return of Capital - section 45B applies

Proposed share capital reduction by a property developer

Dividends: return of capital - application of section 45B