Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 7 Date of effect 10 Scheme 11 Gloucester Special Dividend 20 Capital Return 27 Promissory Note Trust 31 Funding of the Gloucester Special Dividend, Capital Reduction Amount and Gloucester Option Amount 36 Other matters 38 Ruling 39 Gloucester Special Dividend 39 Inclusion of the Gloucester Special Dividend in assessable income 39 Entitlement to a tax offset 42 Gross-up and tax offset denied in certain circumstances 44 Credit to franking account for certain corporate tax entities 46 Streaming of imputation benefits 47 General anti-avoidance provision 48 Capital Return 49 Distribution is not a dividend 49 Application of sections 45A, 45B and 45C

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 7 Date of effect 10 Scheme 11 Gloucester Special Dividend 20 Capital Return 27 Promissory Note Trust 31 Funding of the Gloucester Special Dividend, Capital Reduction Amount and Gloucester Option Amount 36 Other matters 38 Ruling 39 Gloucester Special Dividend 39 Inclusion of the Gloucester Special Dividend in assessable income 39 Entitlement to a tax offset 42 Gross-up and tax offset denied in certain circumstances 44 Credit to franking account for certain corporate tax entities 46 Streaming of imputation benefits 47 General anti-avoidance provision 48 Capital Return 49 Distribution is not a dividend 49 Application of sections 45A, 45B and 45C