Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 8 Scheme 9 Background 10 Relevant entities 14 Texon Petroleum Limited 14 Talon Petroleum Limited 21 Pre-demerger transactions 25 The demerger 27 Ineligible foreign shareholders 30 Reasons for the demerger 31 Other matters 32 Ruling 36 CGT consequences 36 CGT event G1 36 Demerger roll-over 38 CGT consequences of choosing roll-over 41 Other consequences of choosing roll-over 42 Texon shareholders who do not choose roll-over 46 Acquisition date of the Talon shares for the purposes of the CGT discount 47 Dividend consequences 48 Demerger dividend 48 The application of sections 45, 45A, 45B, 45BA and 45C

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 8 Scheme 9 Background 10 Relevant entities 14 Texon Petroleum Limited 14 Talon Petroleum Limited 21 Pre-demerger transactions 25 The demerger 27 Ineligible foreign shareholders 30 Reasons for the demerger 31 Other matters 32 Ruling 36 CGT consequences 36 CGT event G1 36 Demerger roll-over 38 CGT consequences of choosing roll-over 41 Other consequences of choosing roll-over 42 Texon shareholders who do not choose roll-over 46 Acquisition date of the Talon shares for the purposes of the CGT discount 47 Dividend consequences 48 Demerger dividend 48 The application of sections 45, 45A, 45B, 45BA and 45C