COMMISSIONER OF TAXATION

The Commissioner of Taxation, Chris Jordan, gives notice of the following Ruling, a copy of which can be obtained from http://ato.gov.au/law.

CR 2018/39

Income tax:  Fermentum Pty Ltd – transfer of shares to custodian

The Ruling sets out the Commissioner’s positon on the transfer of shares to custodian by Fermentum Pty Ltd.

The Ruling applies from 1 July 2018 to 30 June 2022 and continues to apply after 30 June 2022 to all entities within the specified class who entered into the specified scheme during the term of the Ruling.