Class Ruling

CR 2003/81W

Income tax: exchange of shares in Connect Credit Union of Tasmania Limited for ordinary shares in Connect Group Limited

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:

may be released

Preamble

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.

Withdrawal

1. This Class Ruling is withdrawn and ceases to have effect after 30 June 2004. However, the Ruling continues to apply after its withdrawal in respect of the tax laws ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling, subject to there being no change in the arrangement or in the person's involvement in the arrangement.

Commissioner of Taxation
24 September 2003

Not previously issued in draft form.

References

ATO references:
NO 2003/12385

ISSN: 1445-2014

Related Rulings/Determinations:

TR 92/1
TR 92/20
TR 97/16
TR 97/18
CR 2001/1

Subject References:
capital benefit
credit unions
dividends
exchange of shares in one company for shares another company
private company
replacement asset rollover

Legislative References:
ITAA 1936 IIIAA
ITAA 1936 45B
ITAA 1936 45B(1)
ITAA 1936 45B(2)
ITAA 1936 45B(2)(a)
ITAA 1936 45B(2)(b)
ITAA 1936 45B(2)(c)
ITAA 1936 45B(5)
ITAA 1936 45B(8)
ITAA 1936 45B(9)
ITAA 1936 45C
ITAA 1936 103A(1)
ITAA 1936 177A
ITAA 1997 108-5
ITAA 1997 124
ITAA 1997 124-G
ITAA 1997 124-360
ITAA 1997 124-360(1)
ITAA 1997 124-360(2)
ITAA 1997 124-365
ITAA 1997 124-365(1)
ITAA 1997 124-365(2)
ITAA 1997 124-365(3)
ITAA 1997 124-365(4)(b)
ITAA 1997 124-380
ITAA 1997 124-380(1)
ITAA 1997 124-380(2)
ITAA 1997 124-380(3)(b)
ITAA 1997 124-380(4)
ITAA 1997 124-380(5)
ITAA 1997 124-380(7)
ITAA 1997 125-60(1)(a)
Copyright Act 1968
Corporations Act 2001
TAA 1953 Part IVAAA

CR 2003/81W history

	Date:	Version:	Change:
	14 August 2003	Original ruling
You are here	1 January 2004	Withdrawn

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