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 Investing in private equity funds 12 Status of the IPE portfolio - capital now excess to requirements 17 The proposed return of share capital 19 Other matters 25 Ruling 31 Distribution debited to the share capital account is not a dividend for income tax purposes 31 The application of sections 45A, 45B and 45C 32 CGT consequences 33 Foreign resident shareholders 35 Appendix 1 - Explanation 37 Distribution debited to the share capital account is not a dividend for income tax purposes 37 Anti-avoidance provisions 41 Section 45A - streaming of dividends and capital benefits 42 Section 45B - scheme to provide capital benefits 46 CGT consequences 49 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 Investing in private equity funds 12 Status of the IPE portfolio - capital now excess to requirements 17 The proposed return of share capital 19 Other matters 25 Ruling 31 Distribution debited to the share capital account is not a dividend for income tax purposes 31 The application of sections 45A, 45B and 45C 32 CGT consequences 33 Foreign resident shareholders 35 Appendix 1 - Explanation 37 Distribution debited to the share capital account is not a dividend for income tax purposes 37 Anti-avoidance provisions 41 Section 45A - streaming of dividends and capital benefits 42 Section 45B - scheme to provide capital benefits 46 CGT consequences 49 CGT event G1 - section 104-135