Class Ruling
CR 2006/75W
Income tax: Tattersall's Group Restructure: allocation of shares to current employee beneficiaries
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Please note that the PDF version is the authorised version of this withdrawal notice.This document incorporates revisions made since original publication. View its history and amending notices, if applicable.
FOI status:
This publication provides you with the following level of protection:
This publication (excluding appendixes) is a public ruling for the purposes of the Taxation Administration Act 1953. A public ruling is an expression of the Commissioner's opinion about the way in which a relevant provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes. If you rely on this ruling, we must apply the law to you in the way set out in the ruling (or in a way that is more favourable for you if we are satisfied that the ruling is incorrect and disadvantages you, and we are not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you. |
Withdrawal
1. This Ruling is withdrawn and ceases to have effect after the year of income ended 30 June 2007. However, the Ruling continues to apply after its withdrawal in respect of the relevant provisions ruled upon, to all entities within the specified class who entered into the specified scheme during the term of the Ruling, subject to there being no change in the scheme or in the entity's involvement in the scheme.
Commissioner of Taxation
9 August 2006
Not previously issued as a draft
References
ATO references:
NO 2006/12759
Subject References:
absolute entitlement
acquisition of shares
capital gains tax
employee share scheme
employees
trust deeds
trusts
Legislative References:
TAA 1953
TAA 1953 Sch 1 357-75(1)
ITAA 1936 Pt III Div 6
ITAA 1936 95(1)
ITAA 1936 Pt III Div 13A
ITAA 1936 139B
ITAA 1936 139C(1)
ITAA 1936 139G
ITAA 1997 Pt 3-1
ITAA 1997 106-50
ITAA 1997 Subdiv 115-C
ITAA 1997 Pt 3-3
ITAA 1997 124-10
ITAA 1997 Subdiv 124-N
ITAA 1997 124-870
ITAA 1997 995-1(1)
FBTAA 1986
Copyright Act 1968
Case References:
Playoust v. Hornsby & others
[2005] VSCA 73
J & G Knowles & Associates Pty Ltd v. Federal Commissioner of Taxation
(2000) 96 FCR 402
2000 ATC 4151
(2000) 44 ATR 22
Other References:
Law Administration Practice Statement PS LA 2005/1 (GA)
| Date: | Version: | Change: | |
| 1 July 2004 | Original ruling | ||
| You are here | 1 July 2007 | Withdrawn |