Legislation

ITAA 1936 s Summary - what this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 6 Scheme 7 Other matters 21 Ruling 25 Distribution 25 The Capital Component 25 The Dividend Component 26 Assessability of the Dividend Component and tax offset 28 Direct distributions 28 Indirect distributions 29 Partnerships 29 Trusts 30 Partners and beneficiaries 31 Qualified persons 32 Refundable tax offset 33 Non-resident shareholders 34 The anti-avoidance provisions 36 Capital gains tax (CGT) consequences 40 Foreign resident shareholders 43 Share consolidation 44 Appendix 1 - Explanation 46 Distribution 46 The Capital Component is not ordinary income or a dividend 47 Assessability of the Dividend Component 50 Resident shareholders 50 Frankable distribution 52 Direct distribution 55 Indirect distributions 57 Partnerships 57 Trusts 59 Partners and beneficiaries 61 Qualified persons 63 Refundable tax offset 68 Non-resident shareholders (not carrying on business at or through a permanent establishment) 71 Non-resident shareholders (carrying on business at or through a permanent establishment) 76 The anti-avoidance provisions 80 Section 45A

ATO documents that consider ITAA 1936 s Summary - what this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 6 Scheme 7 Other matters 21 Ruling 25 Distribution 25 The Capital Component 25 The Dividend Component 26 Assessability of the Dividend Component and tax offset 28 Direct distributions 28 Indirect distributions 29 Partnerships 29 Trusts 30 Partners and beneficiaries 31 Qualified persons 32 Refundable tax offset 33 Non-resident shareholders 34 The anti-avoidance provisions 36 Capital gains tax (CGT) consequences 40 Foreign resident shareholders 43 Share consolidation 44 Appendix 1 - Explanation 46 Distribution 46 The Capital Component is not ordinary income or a dividend 47 Assessability of the Dividend Component 50 Resident shareholders 50 Frankable distribution 52 Direct distribution 55 Indirect distributions 57 Partnerships 57 Trusts 59 Partners and beneficiaries 61 Qualified persons 63 Refundable tax offset 68 Non-resident shareholders (not carrying on business at or through a permanent establishment) 71 Non-resident shareholders (carrying on business at or through a permanent establishment) 76 The anti-avoidance provisions 80 Section 45A