OEL 0.00% 1.2¢ otto energy limited

Ann: Retirement of Director, page-6

  1. 1,446 Posts.
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    Stumpy,
    According to ATO process, the ATO sends a draft ruling to the company prior to publishing their final ruling.
    Company/Otto is not allowed to divulge Draft Class Ruling (except to those that must see it).
    Otto then can tell the ATO to proceed or they can modify it [in which case the ATO may decline to provide a Class Ruling] or they can pull the plug.
    Has Otto received the Draft Class Ruling (hard to tell, but it has to be getting close).
    They will either pay $0.008 shortly, extend timetable for a third time, pull the plug (and retry or new strategy).
 
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