The ATO on Wed 18.12.2013, released the following Class Rulings:

  • CR 2013/99: Village Roadshow Limited – return of capital. It applies from 1 July 2013 to 30 June 2014. The Ruling broadly states that the return of capital to shareholders is not a dividend as defined in s 6(1) of the ITAA 1936.
  • CR 2013/100: University of Tasmania 2014 early retirement scheme. It applies from 1 January 2014 to 31 December 2014. The Ruling states that the early retirement scheme to be implemented by the University of Tasmania is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
  • CR 2013/101: Early retirement scheme – Melbourne Health. It applies from 18 December 2013 to 30 April 2014. The Ruling states that the early retirement scheme to be implemented by Melbourne Health is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.  
  • CR 2013/102: Sydney Airport Trust 2 – interposing a new head company. It applies from 1 July 2013 to 30 June 2014. Among other things, the Ruling states that unit holders in Sydney Airport Trust 2 are eligible to choose CGT rollover under Subdiv 124-G of the ITAA 1997 when they dispose of their units in exchange for shares.
  • CR 2013/103: Multiplex Development and Opportunity Fund – Return of capital. It applies from 1 July 2013 to 30 June 2014. Broadly, the Ruling states that the return of capital to unit holders is not a dividend as defined in s 6(1) of the ITAA 1936.

[LTN 245, 18/12/13]

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