The ATO on Wed 23.5.2012, issued the following Class Rulings:
- : Scrip-for-scrip rollover: restructure of Astron Limited. It applies from 1 July 2011 to 30 June 2012. Among other things, the Ruling states that shareholders who make a capital gain on the disposal of their shares can Class Ruling 2012/33choose scrip-for-scrip rollover and disregard the capital gain.
- Class Ruling 2012/34: Treatment of transfer payments to employees of Sydney Ferries following the franchising arrangements with a private operator. It applies from Wed 23.5.2012 to 30 June 2013. The Ruling broadly states that the proposed transfer payment to the employee is in consequence of the termination of employment.
[LTN 98, 23/5]