Class Ruling

CR 2008/57W

Income tax: Suncorp-Metway Limited - allotment of Converting Preference Shares

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Notice of Withdrawal

Class Ruling CR 2008/57 is withdrawn with effect from today.

1. Class Ruling CR 2008/57 sets out the Commissioner's views of the income tax implications for Holders of Converting Preference Shares (CPS) upon conversion into ordinary shares in Suncorp-Metway Limited (Suncorp).

2. Class Ruling CR 2008/57 is withdrawn because it is replaced by Class Ruling CR 2011/35 which takes into account the changes to the CPS Terms upon the interposition of a non-operating holding company Suncorp Group Limited between Suncorp and its Shareholders.

3. It is replaced by Class Ruling CR 2011/35.

Commissioner of Taxation
6 April 2011

Not previously issued as a draft

References

ATO references:
NO 1-2T8D9XJ