Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 4 Date of effect 7 Scheme 8 Background 9 AJR 10 DRL 16 The demerger transaction 21 The in specie distribution 24 Reasons for the Demerger 28 Other matters 29 Ruling 34 CGT consequences - Australian resident AJR shareholders 34 CGT event G1 34 Capital gain 35 Demerger roll-over 36 Choosing demerger roll-over relief for AJR shares 38 Consequences of choosing demerger roll-over relief 39 Demerger roll-over relief is not chosen for AJR shares 42 Acquisition date of the DRL shares 43 CGT consequences - foreign resident AJR shareholders 44 CGT event G1 44 Capital gain 45 Demerger roll-over relief is not available 48 Foreign resident AJR shareholders whose ordinary shares were taxable Australian property 50 Cost base and reduced cost base of AJR and DRL shares 52 Dividend consequences 53 Distribution of capital is not a dividend 53 Demerger dividend 54 Application of sections 45, 45A and 45B

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 4 Date of effect 7 Scheme 8 Background 9 AJR 10 DRL 16 The demerger transaction 21 The in specie distribution 24 Reasons for the Demerger 28 Other matters 29 Ruling 34 CGT consequences - Australian resident AJR shareholders 34 CGT event G1 34 Capital gain 35 Demerger roll-over 36 Choosing demerger roll-over relief for AJR shares 38 Consequences of choosing demerger roll-over relief 39 Demerger roll-over relief is not chosen for AJR shares 42 Acquisition date of the DRL shares 43 CGT consequences - foreign resident AJR shareholders 44 CGT event G1 44 Capital gain 45 Demerger roll-over relief is not available 48 Foreign resident AJR shareholders whose ordinary shares were taxable Australian property 50 Cost base and reduced cost base of AJR and DRL shares 52 Dividend consequences 53 Distribution of capital is not a dividend 53 Demerger dividend 54 Application of sections 45, 45A and 45B