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 REL 10 WCMH 16 The demerger transaction 20 The in specie distribution 21 The issue of options in WCMH 25 Reasons for the Demerger 30 Other matters 31 Ruling 33 CGT Consequences Australian resident REL shareholders 33 CGT event G1 33 Capital gain 34 Demerger roll over 35 Consequences of choosing demerger roll over 37 Consequences of not choosing demerger roll over 40 Acquisition date of the WCMH ordinary shares 41 CGT consequences foreign resident REL shareholders 42 CGT event G1 42 Capital Gain 43 Demerger roll over is not available 44 Foreign resident REL shareholders whose ordinary shares were not taxable Australian property 45 Cost base and reduced cost base of REL shares and WCMH shares 46 Dividend Consequences 47 Distribution of capital is not a dividend 47 Demerger dividend 48 CGT Consequences - REL option holders 51 Cost base and reduced cost base of REL options and WCMH options 51 Acquisition date of the WCMH options 52 WCMH options and Employee Share Schemes 53 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 REL 10 WCMH 16 The demerger transaction 20 The in specie distribution 21 The issue of options in WCMH 25 Reasons for the Demerger 30 Other matters 31 Ruling 33 CGT Consequences Australian resident REL shareholders 33 CGT event G1 33 Capital gain 34 Demerger roll over 35 Consequences of choosing demerger roll over 37 Consequences of not choosing demerger roll over 40 Acquisition date of the WCMH ordinary shares 41 CGT consequences foreign resident REL shareholders 42 CGT event G1 42 Capital Gain 43 Demerger roll over is not available 44 Foreign resident REL shareholders whose ordinary shares were not taxable Australian property 45 Cost base and reduced cost base of REL shares and WCMH shares 46 Dividend Consequences 47 Distribution of capital is not a dividend 47 Demerger dividend 48 CGT Consequences - REL option holders 51 Cost base and reduced cost base of REL options and WCMH options 51 Acquisition date of the WCMH options 52 WCMH options and Employee Share Schemes 53 Application of sections 45, 45A and 45B