Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 5 Date of effect 11 Scheme 12 The Offer of IAG Capital Notes 19 Reasons for issuing IAG Capital Notes 22 Terms of IAG Capital Notes 23 Distribution calculation 26 Distribution payment conditions 29 Restrictions in the case of non-payment of Distributions 34 Mandatory Conversion 35 Trigger Event Conversion 38 Optional Exchange 42 Conversion 45 Redemption 48 Resale 51 Other matters 53 Ruling 55 IAG Capital Notes are non-share equity interest 55 Acquisition time of IAG Notes 56 Cost base and reduced cost base of IAG Capital Notes 57 Distribution on the Notes are frankable 58 Inclusion of Distributions and franking credits in assessable income 59 Entitlement to a tax offset 61 Exempt income or non-assessable non-exempt income 62 Franking credit subject to the refundable tax offset rules 63 Imputation benefits - streaming of imputation benefits 64 Section 177EA

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 5 Date of effect 11 Scheme 12 The Offer of IAG Capital Notes 19 Reasons for issuing IAG Capital Notes 22 Terms of IAG Capital Notes 23 Distribution calculation 26 Distribution payment conditions 29 Restrictions in the case of non-payment of Distributions 34 Mandatory Conversion 35 Trigger Event Conversion 38 Optional Exchange 42 Conversion 45 Redemption 48 Resale 51 Other matters 53 Ruling 55 IAG Capital Notes are non-share equity interest 55 Acquisition time of IAG Notes 56 Cost base and reduced cost base of IAG Capital Notes 57 Distribution on the Notes are frankable 58 Inclusion of Distributions and franking credits in assessable income 59 Entitlement to a tax offset 61 Exempt income or non-assessable non-exempt income 62 Franking credit subject to the refundable tax offset rules 63 Imputation benefits - streaming of imputation benefits 64 Section 177EA