Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 5 Date of effect 9 Scheme 10 Background 11 Reasons for the demerger 12 ConocoPhillips 13 COP Australia 17 Phillips 66 19 Pre-demerger transactions 21 The demerger 22 Accounting for the demerger transaction 26 Post-demerger 27 Other matters 28 Ruling 31 Demerger of Phillips 66 31 CGT event G1 31 Capital Gain 32 Demerger roll-over 33 CGT consequences of choosing roll-over 36 Other CGT consequences of choosing roll-over 37 COPCo shareholders who do not choose demerger roll-over 41 Acquisition date of Phillips 66 shares for the purpose of a discount capital gain 43 Dividend consequences 44 Application of sections 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 5 Date of effect 9 Scheme 10 Background 11 Reasons for the demerger 12 ConocoPhillips 13 COP Australia 17 Phillips 66 19 Pre-demerger transactions 21 The demerger 22 Accounting for the demerger transaction 26 Post-demerger 27 Other matters 28 Ruling 31 Demerger of Phillips 66 31 CGT event G1 31 Capital Gain 32 Demerger roll-over 33 CGT consequences of choosing roll-over 36 Other CGT consequences of choosing roll-over 37 COPCo shareholders who do not choose demerger roll-over 41 Acquisition date of Phillips 66 shares for the purpose of a discount capital gain 43 Dividend consequences 44 Application of sections 45B, 45BA and 45C