The ATO on Wed 15.2.2012, issued the following Class Rulings:
- CR 2012/11: Return of capital: Exco Resources Limited. It applies from 1 July 2011 to 30 June 2012. The Ruling broadly states that the return of capital is not a dividend as defined in s 6(1) of the ITAA 1936.
- CR 2012/12: AMP Limited Equity Incentive Plan. The Ruling broadly states that the Commissioner accepts that rights acquired by participants in the plan are at real risk of forfeiture, and that where s 83A-340 of the ITAA 1997 applies to the rights, Subdiv 83A-C also applies. It applies from 1 July 2010.
[LTN 30, 15/2]