Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 11 Date of effect 15 Scheme 16 Main features of the WCN 23 Distribution calculation 27 Distribution Payment Conditions 30 Scheduled Conversion 33 Early Conversion 36 Capital Trigger Event and Non-Viability Trigger Event 37 Acquisition Event 43 General provisions applicable to Conversion 45 Early Redemption 49 Transfer 54 Other matters 58 Ruling 59 Acquisition of the WCN - CGT implications 59 Acquisition time of the WCN 59 Cost base and reduced cost base of the WCN 60 Inclusion of Distributions and franking credits in assessable income 61 Entitlement to a tax offset 63 Exempt income or non-assessable non-exempt income 64 Franking credit subject to the refundable tax offset rules 65 Imputation benefits - streaming of imputation benefits 66 Section 177EA

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 11 Date of effect 15 Scheme 16 Main features of the WCN 23 Distribution calculation 27 Distribution Payment Conditions 30 Scheduled Conversion 33 Early Conversion 36 Capital Trigger Event and Non-Viability Trigger Event 37 Acquisition Event 43 General provisions applicable to Conversion 45 Early Redemption 49 Transfer 54 Other matters 58 Ruling 59 Acquisition of the WCN - CGT implications 59 Acquisition time of the WCN 59 Cost base and reduced cost base of the WCN 60 Inclusion of Distributions and franking credits in assessable income 61 Entitlement to a tax offset 63 Exempt income or non-assessable non-exempt income 64 Franking credit subject to the refundable tax offset rules 65 Imputation benefits - streaming of imputation benefits 66 Section 177EA