Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 4 Date of effect 8 Scheme 9 Background 10 Relevant entities 13 TCNZ 13 Chorus 20 Pre-demerger transactions 22 The demerger of Chorus 23 Sale facility 28 Accounting for the demerger distribution 29 Other matters 30 Ruling 36 CGT consequences 36 CGT event G1 36 Capital gain 37 Demerger roll-over relief 38 Demerger roll-over relief is chosen for TCNZ shares 41 Demerger roll-over relief is not chosen for TCNZ shares 46 Acquisition date of the Chorus shares for the purposes of the CGT discount 47 Demerger dividend 48 Application of sections 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 8 Scheme 9 Background 10 Relevant entities 13 TCNZ 13 Chorus 20 Pre-demerger transactions 22 The demerger of Chorus 23 Sale facility 28 Accounting for the demerger distribution 29 Other matters 30 Ruling 36 CGT consequences 36 CGT event G1 36 Capital gain 37 Demerger roll-over relief 38 Demerger roll-over relief is chosen for TCNZ shares 41 Demerger roll-over relief is not chosen for TCNZ shares 46 Acquisition date of the Chorus shares for the purposes of the CGT discount 47 Demerger dividend 48 Application of sections 45B, 45BA and 45C