Income tax: reduction of capital and related scheme of arrangement for the demerger of Loomis Limited by Mayne Group Limited

Class Ruling CR 2002/71 is withdrawn with effect from today.

Mayne Group Limited has advised that it has entered into alternative arrangements and therefore the arrangement described in class ruling CR 2002/71 will not be entered into. Consequently, there is no class of persons who can enter into the arrangement and the ruling can not apply to any taxpayer.