Private ruling: Commissioners discretion
Published: June 2015

Ruling: The Applicant asked whether under subsection 149-60(1) of the ITAA 1997 the Commissioner would be satisfied or think it reasonable to assume that at the end of the test day majority underling interests in a company were also had by ultimate owners who had majority underlying interests in the asset at the end of the starting day. The Commissioner was satisfied by the evidence provided by the Applicant.