Legislation

ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 6 Date of effect 14 Scheme 15 The Offer of NAB CPS 18 Reasons for issuing the NAB CPS 27 Forecasted franking account balance 29 Terms of the NAB CPS 30 Dividend Payment Dates 31 Calculation of Dividends on NAB CPS 33 Franking adjustments 34 Conditions to payment of Dividends 35 Dividends are non-cumulative 36 Restrictions in the case of non-payment of Dividends 37 Mandatory Conversion 38 Mandatory Conversion Conditions 40 Mandatory Conversion on Loss Absorption Event 41 Mandatory Conversion on Acquisition Event 49 Optional Conversion by NAB 51 Conversion mechanics 52 Optional Redemption by NAB 57 Redemption mechanics 59 Optional Resale 60 Resale mechanics 61 Ranking and subordination 64 Voting rights 67 Substitution of Approved NOHC as issuer of ordinary shares 68 Other matters 71 Ruling 72 Acquisition time of the NAB CPS 72 Cost base and reduced cost base of the NAB CPS 73 Inclusion of Dividends and franking credits in assessable income 74 Entitlement to a tax offset 75 Imputation benefits - streaming 77 Section 177EA

ATO documents that consider ITAA 1936 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 6 Date of effect 14 Scheme 15 The Offer of NAB CPS 18 Reasons for issuing the NAB CPS 27 Forecasted franking account balance 29 Terms of the NAB CPS 30 Dividend Payment Dates 31 Calculation of Dividends on NAB CPS 33 Franking adjustments 34 Conditions to payment of Dividends 35 Dividends are non-cumulative 36 Restrictions in the case of non-payment of Dividends 37 Mandatory Conversion 38 Mandatory Conversion Conditions 40 Mandatory Conversion on Loss Absorption Event 41 Mandatory Conversion on Acquisition Event 49 Optional Conversion by NAB 51 Conversion mechanics 52 Optional Redemption by NAB 57 Redemption mechanics 59 Optional Resale 60 Resale mechanics 61 Ranking and subordination 64 Voting rights 67 Substitution of Approved NOHC as issuer of ordinary shares 68 Other matters 71 Ruling 72 Acquisition time of the NAB CPS 72 Cost base and reduced cost base of the NAB CPS 73 Inclusion of Dividends and franking credits in assessable income 74 Entitlement to a tax offset 75 Imputation benefits - streaming 77 Section 177EA