Private ruling: Capital raising
Published: April 2015

Ruling: Q1: Will the Instruments be characterised as 'equity interests' for the purposes of Division 974 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: Yes | Q2: Will dividends payable in respect of the Instruments constitute frankable distributions under section 202-40 of the ITAA 1997 and not be unfrankable under section 202-45 of the ITAA 1997? | A2: Yes | Q3: Will section 204-30 of the ITAA 1997 apply to the scheme consisting of the issue of the Instruments? | A3: No | Q4: Will section 177EA of the Income Tax Assessment Act 1936 apply to the scheme consisting of the issue of the Instruments? | A4: No