Notice of Rulings 17 November 2021
The Commissioner of Taxation, Chris Jordan, gives notice by notifiable instrument under subsection 358-5(4) of Schedule 1 to the Taxation Administration Act 1953 of the following public rulings, copies of which can be obtained from ato.gov.au/law
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
CR 2021/74 | Woolworths Group Limited – demerger of Endeavour Group Limited – employee share scheme | This Ruling sets out the income tax consequences for employees of Endeavour Group Limited who, as a result of the demerger, had rights to shares in Woolworths Group Limited cancelled and received replacement rights to Endeavour Group Limited. This Ruling applies from 1 July 2020 to 30 June 2024. |
CR 2021/75 | Australian Unity Limited – Mutual Capital Instruments (2021 Issue) | This Ruling sets out the way the income tax provisions apply to investors who subscribed for and acquired Mutual Capital Instruments issued by Australian Unity Limited on 3 November 2021. This Ruling applies from 1 July 2021 to 30 June 2031. |
CR 2021/76 | Viva Energy Group Limited – return of capital and share consolidation | This Ruling sets out the income tax consequences for Viva Energy Group Limited shareholders who received the return of capital payment on 22 October 2021. This Ruling applies from 1 July 2021 to 30 June 2022. |
CR 2021/77 | Horizon Oil Limited – return of capital | This Ruling sets out the tax consequences for Horizon Oil Limited shareholders who received the return of capital payment on 23 August 2021. This Ruling applies from 1 July 2021 to 30 June 2022. |
CR 2021/78 | Templeton Global Growth Fund Ltd. – off-market share buy-back and scrip for scrip roll-over | This Ruling sets out the tax consequences for Templeton Global Growth Fund Ltd. shareholders who participated in either the off-market share buy-back or scrip for scrip roll-over, which were both announced on 29 June 2021. This Ruling applies from 1 July 2021 to 30 June 2022. |
PR 2021/13 | Tax consequences for a borrower being charged a discounted home loan interest rate calculated under Loan Reducer | This Ruling sets out the tax consequences for borrowers being charged a discounted home loan interest rate calculated under the Loan Reducer system. This Ruling applies from 17 November 2021 to 30 June 2024. |
PR 2021/14 | Tax consequences for a Participant in an Urbau joint venture project | This Ruling sets out the tax consequences for participants in Urbau joint venture projects. This Ruling applies from 17 November 2021 to 30 June 2024. |