Product Ruling
PR 2010/26A1 - Addendum
Income tax: deductibility of interest in relation to investment in units in the Macquarie Flexi 100 Trust offered under the PDS dated 13 September 2010 and issued on or before 30 June 2011 - full recourse borrowings
-
Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
Addendum
This Addendum amends Product Ruling PR 2010/26 to incorporate the Supplementary Product Disclosure Statement dated 6 April 2011 as a scheme document.
PR 2010/26 is amended as follows:
Insert
- (ia)
- Investors are deemed under subsection 272-5(3) of Schedule 2F to the ITAA 1936 to have fixed entitlements to all of the income and capital of the Fund.
(a) Omit the first dot point; substitute:
- •
- Application for a Product Ruling as constituted by documents ?and correspondence received on 27 July 2010, 6 August 2010, 13 August 2010, 24 August 2010, 10 September 2010, 23 September 2010, 27 October 2010, 29 October 2010, 3 November 2010, 29 March 2011 and 11 April 2011;
(b) In the second dot point, omit:
Supplementary Product Disclosure Statement (SPDS) dated 2 November 2010
Substitute:
Supplementary Product Disclosure Statements (SPDS) dated 2 November 2010 and 6 April 2011
At the end of the table; insert:
| Australian Concentrated Equity | a fixed basket of 13 shares with large market capitalisation listed on the ASX |
| Commodities Select | an equally weighted basket of 5 commodities which will be reviewed and reset annually |
| US Equity | the S&P 500 Index |
| BRIC Equity | an equally weighted basket comprising the iShares MSCI Brazil Index Fund, Market Vectors Russia ETF, S&P CNX Nifty Index and the Hang Seng H-Share Index ETF |
Delete subparagraph 29(c).
Insert the legislative reference:
- -
- ITAA 1936 272-5(3)
This Addendum applies on and from 17 November 2010.
Commissioner of Taxation
30 November 2011
References
ATO references:
NO 1-35QNPGR
ISSN: 1441-1172