Product Ruling

PR 2003/51A - Addendum

Income tax: deductibility of interest incurred on borrowings under the St. George Protected Loan

• Please note that the PDF version is the authorised version of this ruling.
  View the consolidated version for this notice.

FOI status:

may be released

Addendum

This Addendum amends Product Ruling PR 2003/51 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 2003/51 is amended as follows:

1. Paragraph 3

Insert 'and' at the end of the sixth dot point.

Omit the seventh dot point:

'•

investing in stapled securities under the terms of the PL; and'.

2. Subparagraph 14 (c)

At the end of the second sentence omit the comma and the words:

'which are not stapled securities'.

3. Subparagraph 14 (c)

At the end of the subparagraph insert a full stop and the following sentence before the semi colon:

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

Commissioner of Taxation
17 December 2003

References

ATO references:
NO 2003/11684