The ATO on Wed 17.10.2012, issued the following Class Rulings:
- CR 2012/90: demerger of Audeo Oncology, Inc by Alchemia Limited. The Ruling applies to relevant shareholders of Alchemia Limited (Alchemia) and applies from 1 July 2012 to 30 June 2013. The Ruling sets outs CGT and dividend consequences of the proposed demerger.
- CR 2012/91: return of capital Multiplex Acumen Vale Syndicate Limited. The Ruling applies to relevant shareholders of Multiplex Acumen Vale Syndicate Limited (MAVSL) who participated in the scheme as described in the Ruling. It applies from 1 July 2012 to 30 June 2013. The Ruling states the return of capital is not a dividend as defined in s 6(1) of the ITAA 1936.
- CR 2012/92: ANZ Share Option Plan. The Ruling applies to relevant employees of Australia and New Zealand Banking Group Limited (ANZ) or its subsidiaries who acquire an award of options under the ANZ Share Option Plan pursuant to which each option granted is a right to acquire one fully paid ordinary share in ANZ or, at the discretion of the Board, to receive a cash payment in lieu of an ANZ share. Among other things, the Ruling explains the application of Subdiv 83A-C of the ITAA 1997 to the Rights granted under the Plan. The Ruling applies from 1 July 2012.
- CR 2012/93: Hella Australia Pty Ltd early retirement scheme. The Ruling applies to relevant employees of Hella Australia Pty Ltd who receive a payment under the scheme as described in the Ruling. It applies from Wed 17.10.2012 to 31 December 2012. The Ruling states the proposed early retirement scheme is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
[LTN 201, 17/10]