Private ruling: Capital raising
Date of advice: 1 October 2020
Published: November 2020

Ruling: 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: | · Income Tax Assessment Act 1936 Subsection 45C(3) | · Income Tax Assessment Act 1936 Section 177EA | · Income Tax Assessment Act 1997 Section 6-5 | · Income Tax Assessment Act 1997 Section 104-35 | · Income Tax Assessment Act 1997 Division 197 | · Income Tax Assessment Act 1997 Section 202-40 | · Income Tax Assessment Act 1997 Section 204-15 | · Income Tax Assessment Act 1997 Section 204-30 | · Income Tax Assessment Act 1997 Paragraph 230-40(4)(e) | · Income Tax Assessment Act 1997 Subsection 230-50(1) | · Income Tax Assessment Act 1997 Subsection 230-440(1) | · Income Tax Assessment Act 1997 Section 245-10 | · Income Tax Assessment Act 1997 Subsection 995-1(1).