The ATO on Wed 7.11.2012, issued Class Ruling CR 2012/102 (Off-market share buy-back: IMB Limited). It applies from 1 July 2012 to 30 June 2013. The Ruling broadly states that participating shareholders will be taken to have been paid a dividend of $2.10 for each share bought back under s 159GZZZP of the ITAA 1936.
[LTN 216, 7/11]