The ATO on Wed 22.5.2013, released the following Class Rulings:
- CR 2013/30: Demerger of FIIG Securities Ltd by Driven Holdings Pty Ltd. It applies from 1 July 2012 to 30 June 2013. The Ruling broadly states that Driven Holdings shareholders can choose demerger roll-over relief under s 125-55(1) of the ITAA 1997 to disregard any capital gain made when CGT event G1 happens to their shares under the demerger.
- CR 2013/31: Early retirement scheme – Coca-Cola Amatil (Aust) Pty Ltd. It applies from on Wed 22.5.2013 to 31 March 2014. Among other things, the Ruling states that the early retirement scheme to be implemented by Coca-Coala Amatil (Aust) Pty Ltd is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
[LTN 97, 22/5]