Class Ruling
CR 2018/35A1 - Addendum
Income tax: CSL Limited Non-Executive Director Rights Plan
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Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
Addendum
This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Class Ruling CR 2018/35 to replace paragraph 55 and references in the tables.
CR 2018/35 is amended as follows:
Omit the table; substitute:
| Contents | Para |
| LEGALLY BINDING SECTION: | |
| Summary - what this Ruling is about | 1 |
| Date of effect | 10 |
| Scheme | 12 |
| Ruling | 46 |
| NOT LEGALLY BINDING SECTION: | |
| Appendix 1: Explanation | 53 |
| Appendix 2: Detailed contents list | 79 |
Omit paragraph 55; substitute:
55. On 1 July 2018, rights are acquired but they are only beneficial interests in rights that will later become rights to acquire beneficial interests in CSL shares. This is because the number of rights cannot be ascertained until the calculation occurs at a later point in time, as outlined in paragraphs 21 and 22 of this Ruling. Upon completion of the calculation, the number of rights is ascertained and therefore become rights to acquire CSL shares.
3. Appendix 2 - Detailed contents list
Omit 'What this Ruling is about'; substitute 'Summary - what this Ruling is about'.
This Addendum applies on and from 15 August 2018.
Commissioner of Taxation
7 November 2018
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References
ATO references:
NO 1-G8UTPSU