Product Ruling

PR 2003/59A - Addendum

Income tax: tax consequences of investing in Westpac High Yield 'IWF' Series Instalment Warrants - cash applicants and secondary market purchasers

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FOI status:

may be released

Addendum

This Addendum amends Product Ruling PR 2003/59 to include stapled securities comprised of shares and units that are jointly listed for quotation on the Australian Stock Exchange for the purposes of the arrangement ruled on.

This Addendum applies on and from 17 December 2003.

PR 2003/59 is amended as follows:

1. Paragraph 2

Omit the first dot point:

'•

Investing in the Westpac IWF Instalments where the underlying security is a stapled security;'

2. Paragraph 15

Insert after the first sentence:

'Where a Security includes a stapled security, the stapled security is comprised of share/s and unit/s that are jointly listed for quotation on the ASX.'

Commissioner of Taxation
17 December 2003

References

ATO references:
NO 2003/11684