Legislation

ITAA 1936 s Summary - what this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 7 Scheme 8 Tawana 10 Ownership interests 14 Cowan Lithium 22 Shareholder meeting 25 Pre-demerger transactions 26 The Demerger of Cowan Lithium 27 Sale facility 32 Accounting for the Demerger 34 Reasons for the Demerger 37 Other matters 38 Ruling 39 Capital gains tax (CGT) consequences 39 CGT event G1 39 Capital Gain 40 Demerger roll-over 41 CGT consequences of choosing demerger roll-over 42 CGT consequences of not choosing demerger roll-over 44 Acquisition date of the Cowan Lithium Shares 45 Dividend consequences 47 Distribution debited to the share capital account is not a dividend for income tax purposes 47 Balance of the distribution is a demerger dividend 48 Applications of sections 45B, 45BA and 45C

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 7 Scheme 8 Tawana 10 Ownership interests 14 Cowan Lithium 22 Shareholder meeting 25 Pre-demerger transactions 26 The Demerger of Cowan Lithium 27 Sale facility 32 Accounting for the Demerger 34 Reasons for the Demerger 37 Other matters 38 Ruling 39 Capital gains tax (CGT) consequences 39 CGT event G1 39 Capital Gain 40 Demerger roll-over 41 CGT consequences of choosing demerger roll-over 42 CGT consequences of not choosing demerger roll-over 44 Acquisition date of the Cowan Lithium Shares 45 Dividend consequences 47 Distribution debited to the share capital account is not a dividend for income tax purposes 47 Balance of the distribution is a demerger dividend 48 Applications of sections 45B, 45BA and 45C