Product Ruling

PR 2020/2A1

Income tax: taxation consequences of investing in C2 Gateway Deferred Purchase Agreement

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Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Product Ruling PR 2020/2 to reflect updates to the range of features that a Series may include.

PR 2020/2 is amended as follows:

1. Paragraph 16

Omit the first dot point; substitute:

•

application for a Product Ruling as constituted by documents and information received on 19 November 2019, 13 January 2020, 4 March 2020, 6 March 2020, 11 March 2020, 12 March 2020 and 13 May 2021

2. Paragraph 19

(a) Omit sub-subparagraph 19(k)(ii); substitute:

(ii)

the Investment Term, ranging between three months and six years

(b) Omit sub-subparagraphs 19(l)(iv) to (vi); substitute:

(iv)

any unlisted managed investment scheme

(v)

any proprietary index

(vi)

any commodity, or

(vii)

a basket comprised of two or more of the Reference Assets listed in this subparagraph.

This Addendum applies before and after the date of issue.

Commissioner of Taxation
16 June 2021

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References

ATO references:
NO 1-PFQNESZ

Business Line:  PW