Private ruling: Capital raising
Date of advice: 11 November 2019
Published: January 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: | · 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.