Product Ruling

PR 2016/7W

Income tax: tax consequences of investing in equities using the Macquarie Geared Equities Investment plus (2013 Product Brochure)

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Notice of Withdrawal

Product Ruling PR 2016/7 is withdrawn with effect from today.

1. Product Ruling PR 2016/7 sets out the Commissioner's view on the income tax consequences for the defined class of entities, referred to as Investors, that acquire GEI Securities under the GEI plus Facility offered under the GEI plus Product Brochure dated 14 August 2013 (2013 Product Brochure).

2. Applications for a GEI plus Facility ceased to be offered under the 2013 Product Brochure on 12 February 2018.

3. PR 2016/7 continues to apply to Investors that had a GEI plus Facility made available to them on or after 1 July 2016 and on or before 12 February 2018, and that otherwise are a member of the defined class of entities to which PR 2016/7 relates.

4. Applications for a GEI plus Facility began being offered under a new GEI plus Product Brochure dated 13 February 2018.

5. PR 2018/3 Income tax: tax consequences of investing in equities using the Macquarie Geared Equities Investment plus (2018 Product Brochure) issued on 14 February 2018 and sets out the Commissioner's view on the income tax consequences for the defined class of entities that have had a GEI plus Facility made available to them on or after 13 February 2018 and on or before 30 June 2020.

Commissioner of Taxation
14 February 2018

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously issued as a draft

References

ATO references:
NO 1-DBMMWZO

Related Rulings/Determinations:

TR 95/33

Legislative References:
ITAA 1936
ITAA 1936 51AAA
ITAA 1936 82KL
ITAA 1936 Pt III Div 3 Subdiv H
ITAA 1936 82KZL(1)
ITAA 1936 82KZL(2)(a)
ITAA 1936 82KZM
ITAA 1936 82KZMA
ITAA 1936 82KZMD
ITAA 1936 82KZME
ITAA 1936 82KZME(4)
ITAA 1936 82KZME(5)
ITAA 1936 82KZME(5)(b)(iii)
ITAA 1936 82KZMF
ITAA 1936 Pt IVA
ITAA 1997
ITAA 1997 8-1
ITAA 1997 104-10
ITAA 1997 104-25
ITAA 1997 104-25(1)(c)
ITAA 1997 Div 110
ITAA 1997 110-25(2)
ITAA 1997 110-45(3)
ITAA 1997 110-55(2)
ITAA 1997 110-55(6)
ITAA 1997 134-1(1)
ITAA 1997 134-1(4)
ITAA 1997 Div 230
ITAA 1997 Div 247
ITAA 1997 247-10
ITAA 1997 247-10(1)
ITAA 1997 247-10(2)
ITAA 1997 247-20(3)
ITAA 1997 247-20(4)
ITAA 1997 247-20(5)
ITAA 1997 247-20(5A)
ITAA 1997 247-20(6)
ITAA 1997 247-30(2)
ITAA 1997 Subdiv 328-C
ITAA 1997 328-110
ITAA 1997 328-110(1)
SISA 1993
TAA 1953
Corporations Act 2001
CA 2001 9
CA 2001 601EB