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Edited version of private advice
Authorisation Number: 1051604943896
Date of advice: 11 November 2019
Ruling
Subject: Capital raising
The Edited Version has been prepared in the following form in order to protect the privacy of this taxpayer and the commercial in-confidence components of this particular arrangement.
The Commissioner issued a ruling on a proposed capital raising transaction covering the following provisions:
· paragraph 177EA(5)(a) of the Income Tax Assessment Act 1936
· section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997)
· section 26-26 of the ITAA 1997
· section 197-5 of the ITAA 1997, and
· subsection 995-1(1) of the ITAA 1997.