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 Metals X 10 Westgold 15 Shareholder meeting 19 Pre demerger transactions 20 The demerger 23 Sale facility 28 Accounting treatment 30 Reason for the demerger 33 Other matters 34 Ruling 38 Capital gains tax (CGT) 38 CGT event G1 38 Demerger roll-over 40 CGT consequences of choosing demerger roll-over 41 CGT consequences of not choosing demerger roll-over 43 Acquisition date of the Westgold shares 44 Dividend consequences 46 Distribution debited to the share capital account is not a dividend for income tax purposes 46 Balance of distribution is a demerger divided 47 Application of section 45B, 45BA, and 45C

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 Metals X 10 Westgold 15 Shareholder meeting 19 Pre demerger transactions 20 The demerger 23 Sale facility 28 Accounting treatment 30 Reason for the demerger 33 Other matters 34 Ruling 38 Capital gains tax (CGT) 38 CGT event G1 38 Demerger roll-over 40 CGT consequences of choosing demerger roll-over 41 CGT consequences of not choosing demerger roll-over 43 Acquisition date of the Westgold shares 44 Dividend consequences 46 Distribution debited to the share capital account is not a dividend for income tax purposes 46 Balance of distribution is a demerger divided 47 Application of section 45B, 45BA, and 45C