Notice of Rulings 17 November 2021 (Cth)

Notice of Rulings 17 November 2021 The Commissioner of Taxation, Chris Jordan, gives notice by notifiable instrument under subsection 358-5(4) of Schedule 1 to the Taxation Administration Act 1953 of the following public rulings, copies of which can be obtained from ato.gov.au/law

NOTICE OF RULINGS Ruling number Subject Brief description CR 2021/74 Woolworths Group Limited – demerger of Endeavour Group Limited – employee share scheme This Ruling sets out the income tax consequences for employees of Endeavour Group Limited who, as a result of the demerger, had rights to shares in Woolworths Group Limited cancelled and received replacement rights to Endeavour Group Limited. This Ruling applies from 1 July 2020 to 30 June 2024. CR 2021/75 Australian Unity Limited – Mutual Capital Instruments (2021 Issue) This Ruling sets out the way the income tax provisions apply to investors who subscribed for and acquired Mutual Capital Instruments issued by Australian Unity Limited on 3 November 2021. This Ruling applies from 1 July 2021 to 30 June 2031. CR 2021/76 Viva Energy Group Limited – return of capital and share consolidation This Ruling sets out the income tax consequences for Viva Energy Group Limited shareholders who received the return of capital payment on 22 October 2021. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2021/77 Horizon Oil Limited – return of capital This Ruling sets out the tax consequences for Horizon Oil Limited shareholders who received the return of capital payment on 23 August 2021. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2021/78 Templeton Global Growth Fund Ltd. – off-market share buy-back and scrip for scrip roll-over This Ruling sets out the tax consequences for Templeton Global Growth Fund Ltd. shareholders who participated in either the off-market share buy-back or scrip for scrip roll-over, which were both announced on 29 June 2021. This Ruling applies from 1 July 2021 to 30 June 2022. PR 2021/13 Tax consequences for a borrower being charged a discounted home loan interest rate calculated under Loan Reducer This Ruling sets out the tax consequences for borrowers being charged a discounted home loan interest rate calculated under the Loan Reducer system. This Ruling applies from 17 November 2021 to 30 June 2024. PR 2021/14 Tax consequences for a Participant in an Urbau joint venture project This Ruling sets out the tax consequences for participants in Urbau joint venture projects. This Ruling applies from 17 November 2021 to 30 June 2024.