Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 5 Date of effect 12 Scheme 13 Main features of the WCN 4 25 Distribution payment conditions 27 Distribution calculation 31 Scheduled Conversion 33 Automatic Conversion 36 Capital Trigger Event 37 Non-Viability Trigger Event 39 Automatic Conversion upon the occurrence of a Capital Trigger Event or a Non-Viability Trigger Event 43 No further rights if Conversion cannot occur 44 Acquisition Event 45 Optional Conversion 47 Ordinary Shares issued on Conversion 50 Optional Redemption 54 Transfer on the optional Transfer Date 59 Other matters 64 Ruling 65 Acquisition time of the WCN 4 - CGT implications 65 Acquisition time of the WCN 4 65 Cost base and reduced cost base of the WCN 4 66 Inclusion of Distributions and franking credits in assessable income 67 Entitlement to a tax offset 69 Exempt income or non-assessable non-exempt income 70 Franking credit subject to the refundable tax offset rules 71 Imputation benefits - streaming of imputation benefits 72 Section 177EA

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 5 Date of effect 12 Scheme 13 Main features of the WCN 4 25 Distribution payment conditions 27 Distribution calculation 31 Scheduled Conversion 33 Automatic Conversion 36 Capital Trigger Event 37 Non-Viability Trigger Event 39 Automatic Conversion upon the occurrence of a Capital Trigger Event or a Non-Viability Trigger Event 43 No further rights if Conversion cannot occur 44 Acquisition Event 45 Optional Conversion 47 Ordinary Shares issued on Conversion 50 Optional Redemption 54 Transfer on the optional Transfer Date 59 Other matters 64 Ruling 65 Acquisition time of the WCN 4 - CGT implications 65 Acquisition time of the WCN 4 65 Cost base and reduced cost base of the WCN 4 66 Inclusion of Distributions and franking credits in assessable income 67 Entitlement to a tax offset 69 Exempt income or non-assessable non-exempt income 70 Franking credit subject to the refundable tax offset rules 71 Imputation benefits - streaming of imputation benefits 72 Section 177EA