Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 6 Date of effect 11 Scheme 12 Reasons for issuing the NAB Capital Notes 2 22 Main features of the NAB Capital Notes 2 23 Distribution calculation 26 Distribution payment conditions 28 Terms of the NAB Capital Notes 2 33 Conversion 34 Mandatory Conversion 37 Mandatory Conversion on Loss Absorption Event 40 Mandatory Conversion on Acquisition Event 47 Optional Conversion by NAB 48 Optional Redemption by NAB 50 Optional Resale 53 Ranking and subordination 57 Substitution of Approved NOHC as issuer of Ordinary Shares 60 Other matters 63 Ruling 64 Acquisition time of the NAB Capital Notes 2 64 Cost base and reduced cost base of the NAB Capital Notes 2 65 Inclusion of Distributions and franking credits in assessable income 66 Entitlement to a tax offset 67 Imputation benefits - streaming 69 Section 177EA

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 6 Date of effect 11 Scheme 12 Reasons for issuing the NAB Capital Notes 2 22 Main features of the NAB Capital Notes 2 23 Distribution calculation 26 Distribution payment conditions 28 Terms of the NAB Capital Notes 2 33 Conversion 34 Mandatory Conversion 37 Mandatory Conversion on Loss Absorption Event 40 Mandatory Conversion on Acquisition Event 47 Optional Conversion by NAB 48 Optional Redemption by NAB 50 Optional Resale 53 Ranking and subordination 57 Substitution of Approved NOHC as issuer of Ordinary Shares 60 Other matters 63 Ruling 64 Acquisition time of the NAB Capital Notes 2 64 Cost base and reduced cost base of the NAB Capital Notes 2 65 Inclusion of Distributions and franking credits in assessable income 66 Entitlement to a tax offset 67 Imputation benefits - streaming 69 Section 177EA