COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from Branches of the Australian Taxation Office or at http://law.ato.gov.au.
NOTICE OF RULING | ||
Ruling Number | Subject | Brief Description |
GSTR 2015/2 | Goods and services tax: development lease arrangements with government agencies | The Ruling sets out the Commissioner’s position on the goods and services tax (GST) treatment of particular transactions arising in the context of development lease arrangements entered into between government agencies and private developers.
The Ruling applies on and from its date of issue. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
GSTR 2002/5 | Goods and services tax: when is a ‘supply of a going concern’ GST-free? | The Addendum amends Goods and Services Tax Ruling GSTR 2002/5 to include an additional example which further illustrates, for the purpose of section 38-325 of the A New Tax System (Goods and Services Tax) Act 1999, those things that are necessary for the continued operation of an enterprise of leasing commercial property. The addendum also adds a footnote reference to the High Court’s decision in Commissioner of Taxation v. MBI Properties Pty Ltd [2014] HCA 49; 2014 ATC 20-474; (2014) 92 ATR 241.
The Addendum applies on and from its date of issue. |
GSTR 2004/1 | Goods and services tax: reduced credit acquisitions | The Addendum amends GSTR 2004/1 in order to refer to the decision in Commissioner of Taxation v. MBI Properties Pty Ltd [2014] HCA 49; 2014 ATC 20-474; (2014) 92 ATR 241 and clarify, at paragraph 742, that acquisitions a recognised trust scheme makes by way of lease can in certain cases include acquisitions made under a lease granted before 1 July 2012. This clarification is relevant to the application of item 32 of the table in sub‑regulation 70-5.02(2) to the A New Tax System (Goods and Services Tax) Regulations 1999, which sets out what supplies acquired by a recognised trust scheme, are reduced credit acquisitions.
The Addendum applies on and from 1 July 2012. |
NOTICE OF ERRATUM | ||
Ruling Number | Subject | Brief Description |
GSTR 2014/1 | Goods and services tax: motor vehicle incentive payments | The Erratum corrects Goods and Services Tax Ruling GSTR 2014/1 to insert a word omitted in error.
The Erratum applies on and from 1 May 2014. |