Class Ruling CR 2014/42
Date of effect: 1 July 2013

What this ruling is about: 1. This Ruling sets out the Commissioner's opinion on the way in which the relevant provision(s) identified below apply to the defined class of entities, who take part in the scheme to which this Ruling relates. Relevant provision(s) 2. The relevant provisions dealt with in this Ruling are: All subsequent legislative references are to the ITAA 1997 unless otherwise indicated. Class of entities 3. The class of entities to which this Ruling applies is the ordinary shareholders of Envestra who: In this Ruling, a person belonging to this class of entities is referred to as an Envestra shareholder. Qualifications 4. The Commissioner makes this Ruling based on the precise scheme identified in this Ruling. 5. The class of entities defined in this Ruling may rely on its contents provided the scheme actually carried out is carried out in accordance with the scheme described in paragraphs 8 to 29 of this Ruling. 6. If the scheme actually carried out is materially different from the scheme that is described in this Ruling, then:

Class of entities or scheme: 3. The class of entities to which this Ruling applies is the ordinary shareholders of Envestra who: In this Ruling, a person belonging to this class of entities is referred to as an Envestra shareholder. | Qualifications: 4. The Commissioner makes this Ruling based on the precise scheme identified in this Ruling. 5. The class of entities defined in this Ruling may rely on its contents provided the scheme actually carried out is carried out in accordance with the scheme described in paragraphs 8 to 29 of this Ruling. 6. If the scheme actually carried out is materially different from the scheme that is described in this Ruling, then: 7. This Ruling applies from 1 July 2013 to 30 June 2015. The Ruling continues to apply after 30 June 2015 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. However, this Ruling will not apply to taxpayers to the extent that it conflicts with the terms of a settlement of a dispute agreed to before the date of issue of this Ruling (see paragraphs 75 and 76 of Taxation Ruling TR 2006/10). 8. The following description of the scheme is based on information provided by the applicant. The following documents, or relevant parts of them form part of and are to be read with the description: Note: certain information has been provided on a commercial-in-confidence basis and will not be disclosed or released under Freedom of Information legislation. | APA Group: 9. APA Group is Australia's largest natural gas infrastructure business. APA is the stapled entity comprising Australian Pipeline Trust (APT) and APT Investment Trust (APTIT), acting through Australian Pipeline Limited (APL) in its capacity as responsible entity and trustee of APT and APTIT. 10. A stapled security held in APA (APA Security) comprises one unit in APT and one unit in APTIT, stapled together such that they must only be transferred together. 11. APT is a managed investment scheme regulated by the Corporations Act. It is a public trading trust as defined in Division 6C of the ITAA 1936 and has elected to be the head company of a tax consolidated group. 12. APTIT is a managed investment scheme regulated by the Corporations Act. It is not a public trading trust. 13. Both APT and APTIT have only one class of units on issue and both are Australian residents for tax purposes. 14. APT will have more than 300 members at the time of the Scheme. 15. APA was listed on the Australian Securities Exchange (ASX) on 13 June 2000. As at 31 December 2013, the net tangible asset (NTA) split, as published by the APA Group, between APT and APTIT was 75.8% and 24.2% respectively. | Envestra Limited: 16. Envestra Limited (Envestra) is one of Australia's largest natural gas distribution companies. Envestra is the head company of a tax consolidated group and listed on the ASX on 29 August 1997. It has only one class of share on issue. Envestra is an Australian resident for income tax purposes. 17. Envestra will have more than 300 members at the time of the scheme. 18. APA (through APT) owns 33.05% of the shares in Envestra and operates and maintains its assets under long term operating and management agreements. | Scheme of Arrangement: 19. APA and Envestra have agreed that Envestra will enter into a Scheme of Arrangement (the Scheme) under Part 5.1 of the Corporations Act 2001 , which will be approved by order of a Court made for the purposes of paragraph 411(4)(b) of the Corporations Act 2001 , between Envestra and its shareholders (other than members of the APA Group) (eligible Envestra Shareholders), pursuant to which APL as responsible entity and trustee of APT (APL as RE of APT) will acquire all of the ordinary shares in Envestra which it does not already own. 20. The Scheme is subject to approval by eligible Envestra Shareholders at a Scheme Meeting to be held on 13 May 2014 and subsequent Court approval. 21. Under the proposed Scheme, all eligible Envestra shareholders who hold their Envestra shares on the Record Date (five business days after the Scheme becomes effective), will be entitled to elect to receive either: 22. Those Envestra shareholders who elect the Maximum Cash Consideration will have their entitlements scaled back proportionately to the extent that the $241 million aggregate cap would otherwise be exceeded, with the balance of their consideration comprising an entitlement to APA Securities. 23. The APA Securities offered as consideration will rank equally with all other APA Securities on issue. 24. Subject to the Scheme's approval, the Scheme Implementation Date is expected to occur within the financial year ending 30 June 2014. 25. Should the Scheme Implementation Date be delayed past 30 June 2014, the Scrip Consideration per Envestra Share and the Cash Consideration per Envestra share may be adjusted under the terms of the Scheme in the event that Envestra's 2014 year final dividend is greater or lesser than 0.1919 of APA Group's 2014 year final distribution. | Other matters: 26. Envestra shareholders as at 21 March 2014 were entitled to receive the Envestra 2014 year interim dividend of 3.2 cents per share paid on 30 April 2014, whether the Scheme is implemented or not. 27. The Constitutions of APT and APTIT require that APA Securities be issued at the 'Market Price', being the market value determined as the weighted average traded price for ten business days prior to the issue. 28. Envestra, the Envestra shareholders and APT have dealt with each other at arm's length at all times in respect of the Scheme of Arrangement. 29. Just prior to entering into the Scheme of Arrangement, neither APA nor Envestra had a concentrated ownership of the nature described in section 124-810. | CGT event A1 will happen on the disposal of Envestra Shares: 30. CGT event A1 will happen when the Envestra shareholders dispose of their Envestra shares to APT on the Scheme Implementation Date (the fifth business day after the Record Date) (subsections 104-10(1) and 104-10(2) and paragraph 104-10(3)(b)). | Capital gain or capital loss: 31. An Envestra shareholder will make a capital gain when CGT event A1 happens if the capital proceeds from the disposal of an Envestra share exceed its cost base. The capital gain is the amount of the excess. An Envestra shareholder will make a capital loss if those capital proceeds are less than the reduced cost base of the Envestra share. The capital loss is the amount of the difference (subsection 104-10(4)). | Capital proceeds: 32. For an Envestra shareholder, the capital proceeds for each Envestra share will be the market value of the APA Securities received, worked out as at the time that CGT event A1 happens (subsection 116-20(1), and, if relevant, the amount of any cash consideration received. 33. The market value of an APA Security will be determined based on the 10 day weighted average traded price of APA Securities (10 day VWAP) immediately prior to the issue date. | Interim distribution: 34. The Envestra 2014 year interim dividend of 3.2 cents per share received by Envestra shareholders on 30 April 2014 will not be capital proceeds from the disposal of an Envestra share to APT, as it is considered, having regard to all the circumstances of the arrangement, that it was not paid in respect of a CGT event happening. | Availability of partial scrip for scrip roll-over: 35. Each APA Security comprises two separate CGT assets: a unit in APT and a unit in APTIT (section 108-5). For the purposes of section 124-790: 36. Subject to the qualification in paragraph 37, an Envestra shareholder who makes a capital gain from the disposal of an Envestra share may choose partial scrip for scrip roll-over under subsection 124-790(1). 37. Scrip for scrip roll-over cannot be chosen if any capital gain the Envestra shareholder makes from the replacement APT units would be disregarded, except because of a roll-over (subsection 124-795(2)). | If scrip for scrip roll-over is chosen: 38. If an Envestra shareholder chooses scrip for scrip roll-over, the capital gain made from the disposal of an Envestra share is disregarded to the extent the Envestra shareholder received replacement APT units for the disposal of the Envestra share (eligible proceeds) (subsection 124-785(1)). 39. The capital gain is not disregarded to the extent that the Envestra shareholder received APTIT units or cash for the disposal of the Envestra share (ineligible proceeds) (124-790(1)). | If scrip for scrip roll-over is not chosen, or cannot be chosen: 40. An Envestra shareholder who does not, or cannot, choose scrip for scrip roll-over must take any capital gain or capital loss from the disposal of their shares into account in working out their net capital gain or net capital loss for the income year (sections 102-5 and 102-10). | If scrip for scrip roll-over is chosen: 41. Where scrip for scrip roll-over is chosen, the first element of the cost base and reduced cost base of each APT unit received is equal to that part of the cost base of the Envestra shares reasonably attributable to the APT units received (subsection 124-785(2) or (4)). 42. In order to calculate the cost base of an APT unit, the Envestra shareholders must reduce the cost base of their Envestra shares by so much of the cost base as is reasonably attributable to an ineligible part (subsection 124-785(3)), being the market value of the APTIT units, and cash. A reasonable apportionment of the cost base may be made by reference to the NTA split for the APT and APTIT units most recently published by the APA Group before the Scheme Implementation Date. | If scrip for scrip roll-over is not chosen: 43. Where scrip for scrip is not chosen, the first element of the cost base and reduced cost base of each APT unit received is equal to that part of the market value of the Envestra shares reasonably attributable to the APT units at the time of their acquisition (paragraph 110-25(2)(b) and subsections 110-55(2) and 112-30(1)). The amount reasonably attributable to the APT units may be determined based upon the most recently published NTA split prior to the Scheme Implementation Date. | Acquisition date of APA securities: 44. The Envestra shareholders who choose scrip for scrip roll-over are taken to have acquired the APT units when they originally acquired their Envestra shares that were exchanged for the relevant APT units (Item 2 of the table in subsection 115-30(1)). 45. Envestra shareholders who do not, or are unable, to choose scrip for scrip roll-over are deemed to acquire the APT units when they dispose of their Envestra shares on the Scheme Implementation Date. Commissioner of Taxation 7 May 2014 | Availability of scrip for scrip roll-over: 46. The significant tax consequence that is the subject of this Ruling is the availability of scrip for scrip roll-over under Subdivision 124-M. It enables a shareholder to disregard a capital gain from a share that is disposed of as part of a takeover or merger if the shareholder receives a replacement share in the exchange. It also provides special rules for calculating the cost base and reduced cost base of the replacement share. 47. Subdivision 124-M contains a number of conditions for, and exceptions to, a shareholder being eligible to choose partial scrip for scrip roll-over. One of the conditions relevant to the present Scheme is that shares in a company are exchanged for shares in another company. 48. In the present case, APT is a public trading trust under Division 6C of the ITAA 1936 and has made a choice under section 703-50 to form an income tax consolidated group. The effect of the choice by APT is that, generally, 'this Act', as defined in subsection 995-1(1), applies to APT in a way corresponding to the way in which the Act applies to a company. One application of the Act in this way is to treat the units in APT as analogous to shares in a company (see Note 2 to subsection 713-135(1)). On this basis, the APT units will be the replacement interest. 49. Accordingly, this condition is satisfied to the extent that the Envestra shareholders receive APT units in exchange for their Envestra shares. Scrip for scrip roll-over will not be available to the extent that the Envestra shareholders receive APTIT units or cash consideration in exchange for their Envestra shares. 50. The other main conditions for, and exceptions to, that are relevant to the present scheme are: 51. Under the Scheme that is the subject of this Ruling, the conditions for partial roll-over under Subdivision 124-M are satisfied. | APA Security: 52. Although the APA Security is a stapled security, it comprises two separate and distinct CGT assets for Australian income tax purposes (section 108-5). It consists of a unit in APT and a unit in APTIT. 53. The respective cost bases and reduced cost bases of these CGT assets need to be worked out separately. The first element of the cost base and reduced cost base of each CGT asset is that part of the expenditure that is reasonably attributable to the acquisition of the asset (subsection 112-30(1)). 54. The Commissioner accepts that a reasonable method of apportionment of the first element of the cost base and reduced cost base of the respective APT and APTIT units should be based on the relative NTA of each entity, given it is an entity whose principle operating activity is infrastructure based. 55. Provided the Scheme Implementation Date is before 30 June 2014, the most recent NTA split will date from 31 December 2013. Based on historical NTA splits for the preceding five years, the Commissioner considers the NTA split to be non-volatile and appropriate to use despite the amount of time between its determination and the Scheme Implementation Date. Should the Scheme Implementation Date not occur before 30 June 2014, then the Commissioner will accept the most recently published NTA split as appropriate to use in the circumstances.

Ruling: CGT event A1 will happen on the disposal of Envestra Shares: 30. CGT event A1 will happen when the Envestra shareholders dispose of their Envestra shares to APT on the Scheme Implementation Date (the fifth business day after the Record Date) (subsections 104-10(1) and 104-10(2) and paragraph 104-10(3)(b)). | Capital gain or capital loss: 31. An Envestra shareholder will make a capital gain when CGT event A1 happens if the capital proceeds from the disposal of an Envestra share exceed its cost base. The capital gain is the amount of the excess. An Envestra shareholder will make a capital loss if those capital proceeds are less than the reduced cost base of the Envestra share. The capital loss is the amount of the difference (subsection 104-10(4)). | Capital proceeds: 32. For an Envestra shareholder, the capital proceeds for each Envestra share will be the market value of the APA Securities received, worked out as at the time that CGT event A1 happens (subsection 116-20(1), and, if relevant, the amount of any cash consideration received. 33. The market value of an APA Security will be determined based on the 10 day weighted average traded price of APA Securities (10 day VWAP) immediately prior to the issue date. | Interim distribution: 34. The Envestra 2014 year interim dividend of 3.2 cents per share received by Envestra shareholders on 30 April 2014 will not be capital proceeds from the disposal of an Envestra share to APT, as it is considered, having regard to all the circumstances of the arrangement, that it was not paid in respect of a CGT event happening. | Availability of partial scrip for scrip roll-over: 35. Each APA Security comprises two separate CGT assets: a unit in APT and a unit in APTIT (section 108-5). For the purposes of section 124-790: 36. Subject to the qualification in paragraph 37, an Envestra shareholder who makes a capital gain from the disposal of an Envestra share may choose partial scrip for scrip roll-over under subsection 124-790(1). 37. Scrip for scrip roll-over cannot be chosen if any capital gain the Envestra shareholder makes from the replacement APT units would be disregarded, except because of a roll-over (subsection 124-795(2)). | If scrip for scrip roll-over is chosen: 38. If an Envestra shareholder chooses scrip for scrip roll-over, the capital gain made from the disposal of an Envestra share is disregarded to the extent the Envestra shareholder received replacement APT units for the disposal of the Envestra share (eligible proceeds) (subsection 124-785(1)). 39. The capital gain is not disregarded to the extent that the Envestra shareholder received APTIT units or cash for the disposal of the Envestra share (ineligible proceeds) (124-790(1)). | If scrip for scrip roll-over is not chosen, or cannot be chosen: 40. An Envestra shareholder who does not, or cannot, choose scrip for scrip roll-over must take any capital gain or capital loss from the disposal of their shares into account in working out their net capital gain or net capital loss for the income year (sections 102-5 and 102-10). | If scrip for scrip roll-over is chosen: 41. Where scrip for scrip roll-over is chosen, the first element of the cost base and reduced cost base of each APT unit received is equal to that part of the cost base of the Envestra shares reasonably attributable to the APT units received (subsection 124-785(2) or (4)). 42. In order to calculate the cost base of an APT unit, the Envestra shareholders must reduce the cost base of their Envestra shares by so much of the cost base as is reasonably attributable to an ineligible part (subsection 124-785(3)), being the market value of the APTIT units, and cash. A reasonable apportionment of the cost base may be made by reference to the NTA split for the APT and APTIT units most recently published by the APA Group before the Scheme Implementation Date. | If scrip for scrip roll-over is not chosen: 43. Where scrip for scrip is not chosen, the first element of the cost base and reduced cost base of each APT unit received is equal to that part of the market value of the Envestra shares reasonably attributable to the APT units at the time of their acquisition (paragraph 110-25(2)(b) and subsections 110-55(2) and 112-30(1)). The amount reasonably attributable to the APT units may be determined based upon the most recently published NTA split prior to the Scheme Implementation Date. | Acquisition date of APA securities: 44. The Envestra shareholders who choose scrip for scrip roll-over are taken to have acquired the APT units when they originally acquired their Envestra shares that were exchanged for the relevant APT units (Item 2 of the table in subsection 115-30(1)). 45. Envestra shareholders who do not, or are unable, to choose scrip for scrip roll-over are deemed to acquire the APT units when they dispose of their Envestra shares on the Scheme Implementation Date. Commissioner of Taxation 7 May 2014

Examples: Example 1: Shareholder chooses the All Scrip Consideration 56. A shareholder acquired ordinary class Envestra shares in February 2010. At the Scheme Implementation Date, the shareholder received all scrip consideration of APA Securities. As the shareholder would (in the absence of scrip for scrip roll-over) make a capital gain, they can choose for scrip for scrip roll-over to apply. 57. The APTIT units are ineligible proceeds. Calculation of capital gain attributable to the ineligible proceeds The capital gain from the APTIT units component of the consideration is determined as follows: total proceeds * NTA split of APTIT units (number of APA Securities * 10 day VWAP of APA Securities) * NTA split of APTIT units cost base of Envestra shares * NTA split of APTIT units ineligible proceeds - cost base of ineligible proceeds Calculation of capital gain subject to scrip for scrip roll-over Total proceeds * NTA split of APT units (number of APA Securities * 10 day VWAP of APA Securities) * NTA split of APT units cost base of Envestra shares * NTA split of APT units eligible proceeds - cost base of eligible proceeds Calculation of cost base of APT units The first element of the cost base of each of the shareholder's APT units is determined as follows: [cost base of Envestra shares - cost base of ineligible proceeds] / number of APT units | Example 2: Shareholder chooses the Maximum Cash Consideration 58. A shareholder acquires ordinary class Envestra shares in February 2010. The shareholder elected to receive the Maximum Cash Consideration. At the Scheme Implementation Date, as the aggregate cap would otherwise be exceeded, the shareholder received consideration of cash and APA Securities. As the shareholder would (in the absence of scrip for scrip roll-over) make a capital gain, they can choose for scrip for scrip roll-over to apply. 59. The cash component and the APTIT units are ineligible proceeds. Calculation of capital gain attributable to the ineligible proceeds The capital gain from the APTIT units component of the consideration is determined as follows: number of APA Securities * 10 day VWAP scrip proceeds * NTA split of APTIT units ineligible scrip proceeds + cash scrip proceeds + cash cost base of Envestra shares * [ineligible proceeds/total proceeds] Total ineligible proceeds - cost base of ineligible proceeds Calculation of capital gain subject to scrip for scrip roll-over scrip proceeds * NTA split of APT units cost base of Envestra shares - cost base of ineligible proceeds eligible proceeds - cost base of eligible proceeds Calculation of cost base of APT units The first element of the cost base of each of the shareholder's APT units is determined as follows : [Cost base of Envestra shares - cost base of ineligible proceeds] / Number of APT units 60. The following is a detailed contents list for this Ruling: Not previously issued as a draft

Appendix: Availability of scrip for scrip roll-over: 46. The significant tax consequence that is the subject of this Ruling is the availability of scrip for scrip roll-over under Subdivision 124-M. It enables a shareholder to disregard a capital gain from a share that is disposed of as part of a takeover or merger if the shareholder receives a replacement share in the exchange. It also provides special rules for calculating the cost base and reduced cost base of the replacement share. 47. Subdivision 124-M contains a number of conditions for, and exceptions to, a shareholder being eligible to choose partial scrip for scrip roll-over. One of the conditions relevant to the present Scheme is that shares in a company are exchanged for shares in another company. 48. In the present case, APT is a public trading trust under Division 6C of the ITAA 1936 and has made a choice under section 703-50 to form an income tax consolidated group. The effect of the choice by APT is that, generally, 'this Act', as defined in subsection 995-1(1), applies to APT in a way corresponding to the way in which the Act applies to a company. One application of the Act in this way is to treat the units in APT as analogous to shares in a company (see Note 2 to subsection 713-135(1)). On this basis, the APT units will be the replacement interest. 49. Accordingly, this condition is satisfied to the extent that the Envestra shareholders receive APT units in exchange for their Envestra shares. Scrip for scrip roll-over will not be available to the extent that the Envestra shareholders receive APTIT units or cash consideration in exchange for their Envestra shares. 50. The other main conditions for, and exceptions to, that are relevant to the present scheme are: 51. Under the Scheme that is the subject of this Ruling, the conditions for partial roll-over under Subdivision 124-M are satisfied. | APA Security: 52. Although the APA Security is a stapled security, it comprises two separate and distinct CGT assets for Australian income tax purposes (section 108-5). It consists of a unit in APT and a unit in APTIT. 53. The respective cost bases and reduced cost bases of these CGT assets need to be worked out separately. The first element of the cost base and reduced cost base of each CGT asset is that part of the expenditure that is reasonably attributable to the acquisition of the asset (subsection 112-30(1)). 54. The Commissioner accepts that a reasonable method of apportionment of the first element of the cost base and reduced cost base of the respective APT and APTIT units should be based on the relative NTA of each entity, given it is an entity whose principle operating activity is infrastructure based. 55. Provided the Scheme Implementation Date is before 30 June 2014, the most recent NTA split will date from 31 December 2013. Based on historical NTA splits for the preceding five years, the Commissioner considers the NTA split to be non-volatile and appropriate to use despite the amount of time between its determination and the Scheme Implementation Date. Should the Scheme Implementation Date not occur before 30 June 2014, then the Commissioner will accept the most recently published NTA split as appropriate to use in the circumstances. | Example 1: Shareholder chooses the All Scrip Consideration: 56. A shareholder acquired ordinary class Envestra shares in February 2010. At the Scheme Implementation Date, the shareholder received all scrip consideration of APA Securities. As the shareholder would (in the absence of scrip for scrip roll-over) make a capital gain, they can choose for scrip for scrip roll-over to apply. 57. The APTIT units are ineligible proceeds. | Calculation of capital gain attributable to the ineligible proceeds: The capital gain from the APTIT units component of the consideration is determined as follows: total proceeds * NTA split of APTIT units (number of APA Securities * 10 day VWAP of APA Securities) * NTA split of APTIT units cost base of Envestra shares * NTA split of APTIT units ineligible proceeds - cost base of ineligible proceeds | Calculation of capital gain subject to scrip for scrip roll-over: Total proceeds * NTA split of APT units (number of APA Securities * 10 day VWAP of APA Securities) * NTA split of APT units cost base of Envestra shares * NTA split of APT units eligible proceeds - cost base of eligible proceeds | Calculation of cost base of APT units: The first element of the cost base of each of the shareholder's APT units is determined as follows: [cost base of Envestra shares - cost base of ineligible proceeds] / number of APT units | Example 2: Shareholder chooses the Maximum Cash Consideration: 58. A shareholder acquires ordinary class Envestra shares in February 2010. The shareholder elected to receive the Maximum Cash Consideration. At the Scheme Implementation Date, as the aggregate cap would otherwise be exceeded, the shareholder received consideration of cash and APA Securities. As the shareholder would (in the absence of scrip for scrip roll-over) make a capital gain, they can choose for scrip for scrip roll-over to apply. 59. The cash component and the APTIT units are ineligible proceeds. | Calculation of capital gain attributable to the ineligible proceeds: The capital gain from the APTIT units component of the consideration is determined as follows: number of APA Securities * 10 day VWAP scrip proceeds * NTA split of APTIT units ineligible scrip proceeds + cash scrip proceeds + cash cost base of Envestra shares * [ineligible proceeds/total proceeds] Total ineligible proceeds - cost base of ineligible proceeds | Calculation of capital gain subject to scrip for scrip roll-over: scrip proceeds * NTA split of APT units cost base of Envestra shares - cost base of ineligible proceeds eligible proceeds - cost base of eligible proceeds | Calculation of cost base of APT units: The first element of the cost base of each of the shareholder's APT units is determined as follows : [Cost base of Envestra shares - cost base of ineligible proceeds] / Number of APT units


What this Ruling is about | NOT LEGALLY BINDING SECTION: | A public ruling is an expression of the Commissioner's opinion about the way in which a relevant provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes. | If you rely on this ruling, the Commissioner must apply the law to you in the way set out in the ruling (unless the Commissioner is satisfied that the ruling is incorrect and disadvantages you, in which case the law may be applied to you in a way that is more favourable for you - provided the Commissioner is not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you. | First element of cost base of each APT unit | Capital gain(no roll-over) | If a capital gain is made | Appendix 2 - Detailed contents list


Related rulings: TR 2006/10
Legislative references: ITAA 1936 ITAA 1936 6(1) ITAA 1936 Div 6C ITAA 1997 ITAA 1997 102-5 ITAA 1997 102-10 ITAA 1997 104-10(1) ITAA 1997 104-10(2) ITAA 1997 104-10(3)(b) ITAA 1997 104-10(4) ITAA 1997 108-5 ITAA 1997 115-30 ITAA 1997 112-30(1) ITAA 1997 115-30(1) ITAA 1997 116-20(1) ITAA 1997 124-785 ITAA 1997 124-785(1) ITAA 1997 124-785(2) ITAA 1997 124-785(3) ITAA 1997 124-785(4) ITAA 1997 124-790(1) ITAA 1997 124-795(2) ITAA 1997 703-50 ITAA 1997 713-135(1) ITAA 1997 995-1 TAA 1953 Copyright Act 1968 Corporations Act 2001 Pt 5.1
Subject references: arrangement capital gain CGT event A1 - disposal of a CGT asset disposal of assets partial scrip for scrip roll-over scrip for scrip roll-over stapled security unit trust