The ATO on Wed 4.12.2013, issued the following Class Rulings:
- CR 2013/95: The Trust Company Limited Scheme of Arrangement and Special Dividend. It applies from 7 May 2013 to 30 June 2014. The Ruling broadly states that CGT event A1 happens as a result of the disposal of shares by shareholders, however, eligible shareholders may choose a partial scrip-for-scrip rollover.
- CR 2013/96: Ausgrid’s Network Line of Business Mix and Match Program. It applies from Wed 4.12.2013 to 31 December 2015. Among other things, the Ruling states that the early retirement scheme to be implemented by Ausgrid is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
[LTN 235, 4/12/13]