Private ruling: Issue of Mandatory Redeemable Preference Shares
Date of advice: 15 December 2015
Published: February 2016
Ruling period: 1 July XXXX to 30 June XXXX
Date scheme commenced: 2015 Income Year

Ruling: The Commissioner issued a ruling on the application of the following provisions to a proposed issue of Mandatory Redeemable Preference Shares:


Relevant legislative provisions: Income Tax Assessment Act 1997 Division 197 | Income Tax Assessment Act 1997 Subsection 995-1 | Income Tax Assessment Act 1997 Section 975-300 | Income Tax Assessment Act 1936 Section 45A | Income Tax Assessment Act 1936 Section 45B | Income Tax Assessment Act 1936 Division 16K of Part III | Taxation Administration Act 1953 Subdivision 12-F of Part 2-5 of Schedule 1