Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 5 Date of effect 14 Scheme 15 Main features of the WCN 2 22 Distribution calculation 26 Distribution Payment Conditions 29 Scheduled Conversion 32 Automatic Conversion 36 Capital Trigger Event and Non-Viability Event 37 Acquisition Event 43 Optional Conversion 45 General provisions applicable to Conversion 48 Optional Redemption 52 Transfer 57 Other matters 60 Ruling 61 Acquisition time of the WCN 2 - CGT implications 61 Acquisition time of the WCN 2 61 Cost base and reduced cost base of the WCN 2 62 Inclusion of Distributions and franking credits in assessable income 63 Entitlement to a tax offset 65 Exempt income or non-assessable non-exempt income 66 Franking credit subject to the refundable tax offset rules 67 Imputation benefits - streaming of imputation benefits 68 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 14 Scheme 15 Main features of the WCN 2 22 Distribution calculation 26 Distribution Payment Conditions 29 Scheduled Conversion 32 Automatic Conversion 36 Capital Trigger Event and Non-Viability Event 37 Acquisition Event 43 Optional Conversion 45 General provisions applicable to Conversion 48 Optional Redemption 52 Transfer 57 Other matters 60 Ruling 61 Acquisition time of the WCN 2 - CGT implications 61 Acquisition time of the WCN 2 61 Cost base and reduced cost base of the WCN 2 62 Inclusion of Distributions and franking credits in assessable income 63 Entitlement to a tax offset 65 Exempt income or non-assessable non-exempt income 66 Franking credit subject to the refundable tax offset rules 67 Imputation benefits - streaming of imputation benefits 68 Section 177EA