The ATO on Wed 25.6.2014, released the following Class Rulings:
- CR 2014/50: Proposed return of share capital: IPE Limited. It applies from 1 July 2013 to 30 June 2015. Among other things, the Ruling states that the proposed return of capital will not be a dividend as defined in s 6(1) of the ITAA 1936.
- CR 2014/51: Nyrstar Port Pirie Workforce Renewal Scheme. It will be available for applications within 2 weeks following Wed 25.6.2014 to 31 December 2014. The Ruling states that the early retirement scheme to be implemented is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
- CR 2014/52: Snack Brands Australia Early Retirement Scheme. It applies from Wed 25.6.2014 to 25 September 2014. The Ruling states that the scheme to be implemented is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
- CR 2014/53: The Real McCoy Snackfood Co Pty Ltd Early Retirement Scheme. It applies from Wed 25.6.2014 to 25 September 2014. The Ruling states that the scheme to be implemented is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
[LTN 120, 25/6/14]