Legislation

ITAA 1997 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 7 Scheme 8 Background 9 Business Disposal 13 Distribution to UGL Shareholders 17 Capital Structure 25 Other matters 27 Ruling 33 Capital Component not a dividend 33 Application of sections 45A, 45B and 45C 34 Capital gains tax (CGT) consequences 35 CGT event G1 35 CGT event C2 36 Foreign resident shareholders 38 Appendix 1 - Explanation 40 Capital Component debited to the share capital account not a dividend for income tax purposes 40 Anti-avoidance provisions 44 Application of sections 45A, 45B and 45C 45 Section 45A - streaming of dividends and capital benefits 45 Section 45B - scheme to provide capital benefits 48 CGT consequences 51 CGT event G1 - section 104-135

ATO documents that consider ITAA 1997 s What this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 7 Scheme 8 Background 9 Business Disposal 13 Distribution to UGL Shareholders 17 Capital Structure 25 Other matters 27 Ruling 33 Capital Component not a dividend 33 Application of sections 45A, 45B and 45C 34 Capital gains tax (CGT) consequences 35 CGT event G1 35 CGT event C2 36 Foreign resident shareholders 38 Appendix 1 - Explanation 40 Capital Component debited to the share capital account not a dividend for income tax purposes 40 Anti-avoidance provisions 44 Application of sections 45A, 45B and 45C 45 Section 45A - streaming of dividends and capital benefits 45 Section 45B - scheme to provide capital benefits 48 CGT consequences 51 CGT event G1 - section 104-135