Class Ruling

CR 2002/89W

Income Tax: Dividend, capital reduction and related schemes of arrangement for the demerger of SciGen Limited from Sonic Healthcare Limited

  • Please note that the PDF version is the authorised version of this ruling.
    This document has changed over time. View its history.

FOI status:

may be released


The number, subject heading, and the What this Class Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953. CR 2001/1 explains Class Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a public ruling and how it is binding on the Commissioner.


1. This Class Ruling is withdrawn and ceases to have effect for the years after 30 June 2003 or any applicable substituted accounting period. The Ruling continues to apply, in respect of the tax laws ruled upon, to all persons within the specified class who entered into a specified arrangement during the term of the Ruling. Thus the Ruling continues to apply to those persons, even following its withdrawal, for the arrangements entered into prior to the withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the persons' involvement in the arrangement.

Commissioner of Taxation
18 December 2002

Not previously issued in draft form.


ATO references:
NO 2002/020431

ISSN: 1445 2014

Related Rulings/Determinations:

CR 2001/1
TR 92/1
TR 92/20
TR 97/16
PS 2001/4

Subject References:
acquisition of securities
acquisition of shares
capital benefit
capital gains
cost base adjustments
demerger allocation
demerger benefit
demerger dividend
demerger subsidiary
demerger group
non-resident shareholders
return of capital
schemes to provide certain benefits
securities rights and options
tax benefit

Legislative References:
ITAA 1936 6(1)
ITAA 1936 44
ITAA 1936 44(1)
ITAA 1936 44(2)
ITAA 1936 44(3)
ITAA 1936 44(4)
ITAA 1936 45B
ITAA 1936 45B(2)(a)
ITAA 1936 45B(2)(b)
ITAA 1936 45B(2)(c)
ITAA 1936 45B (3)
ITAA 1936 45B(3)(a)
ITAA 1936 45B(3)(b)
ITAA 1936 45B(4)
ITAA 1936 45B(5)
ITAA 1936 45B(6)
ITAA 1936 45B(8)
ITAA 1936 45BA
ITAA 1936 45C
ITAA 1936 128B(3D)
ITAA 1997 104-35
ITAA 1997 104-135
ITAA 1997 104-155
ITAA 1997 125
ITAA 1997 125-55(1)
ITAA 1997 125-55(2)
ITAA 1997 125-65(3)
ITAA 1997 125-65(6)
ITAA 1997 125-70 (1)(a)
ITAA 1997 125-70 (1)(b)
ITAA 1997 125-70(1)(c)
ITAA 1997 125-70(1)(d)
ITAA 1997 125-70(1)(e)
ITAA 1997 125-70(1)(f)
ITAA 1997 125-70(1)(g)
ITAA 1997 125-70(1)(h)
ITAA 1997 125-70(2)
ITAA 1997 125-70(5)
ITAA 1997 125-70(6)
ITAA 1997 125-70(7)
ITAA 1997 125-80
ITAA 1997 125-80(2)
ITAA 1997 125-85
ITAA 1997 136-25
ITAA 1997 202-45
Copyright Act 1968

CR 2002/89W history
  Date: Version: Change:
  30 June 2003 Original ruling  
You are here 1 July 2003 Withdrawn  

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).