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Edited version of private advice
Authorisation Number: 1052239642223
Date of advice: 27 June 2024
Ruling
Subject: Capital raising
The Commissioner issued a ruling on a 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.