Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 5 Date of effect 8 Scheme 9 TTG 10 McAleese Limited 14 Pre-demerger transactions 18 The demerger of McAleese Limited shares 20 Reasons for the demerger 24 Accounting for the distribution to effect the demerger 25 Other matters 27 Ruling 31 CGT consequences 31 CGT event G1 31 Capital gain 32 Demerger roll-over 33 Consequences of choosing demerger roll-over 35 TTG shareholders who do not choose demerger roll-over 40 Acquisition date of the McAleese Limited shares for the purpose of making a discount capital gain 42 Dividend consequences 43 Distribution debited to the share capital account is not a dividend for income tax purposes 43 Balance of the distribution is a demerger dividend 44 The 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 5 Date of effect 8 Scheme 9 TTG 10 McAleese Limited 14 Pre-demerger transactions 18 The demerger of McAleese Limited shares 20 Reasons for the demerger 24 Accounting for the distribution to effect the demerger 25 Other matters 27 Ruling 31 CGT consequences 31 CGT event G1 31 Capital gain 32 Demerger roll-over 33 Consequences of choosing demerger roll-over 35 TTG shareholders who do not choose demerger roll-over 40 Acquisition date of the McAleese Limited shares for the purpose of making a discount capital gain 42 Dividend consequences 43 Distribution debited to the share capital account is not a dividend for income tax purposes 43 Balance of the distribution is a demerger dividend 44 The application of sections 45B, 45BA and 45C