Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 10 Date of effect 13 Scheme 14 Background 16 Description of the Transaction 23 Main Features of PERLS VIII 28 Distributions 31 Mandatory Exchange 37 Early Redemption 45 Early Exchange 50 Resale on the Call Date 54 Other matters and assumptions 60 Ruling 61 CGT implications upon acquisition of PERLS VIII 61 Acquisition Time 61 Cost base and reduced cost base 62 Inclusion of Distributions and franking credits in assessable income 63 Entitlement to a tax offset for franking credits 65 Exempt income or non-assessable non-exempt income 66 Refundable tax offset rules 67 Gross-up and tax offset denied in certain circumstances 68 Qualified Persons 68 Determination under paragraph 177EA(5)(b)of the ITAA 1936 71 Streaming of imputation benefits 72 Dividend stripping operation 73 Section 45

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 10 Date of effect 13 Scheme 14 Background 16 Description of the Transaction 23 Main Features of PERLS VIII 28 Distributions 31 Mandatory Exchange 37 Early Redemption 45 Early Exchange 50 Resale on the Call Date 54 Other matters and assumptions 60 Ruling 61 CGT implications upon acquisition of PERLS VIII 61 Acquisition Time 61 Cost base and reduced cost base 62 Inclusion of Distributions and franking credits in assessable income 63 Entitlement to a tax offset for franking credits 65 Exempt income or non-assessable non-exempt income 66 Refundable tax offset rules 67 Gross-up and tax offset denied in certain circumstances 68 Qualified Persons 68 Determination under paragraph 177EA(5)(b)of the ITAA 1936 71 Streaming of imputation benefits 72 Dividend stripping operation 73 Section 45