Notice of Rulings 20 September 2023
The Acting Commissioner of Taxation, Jeremy Hirschhorn, 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 2023/50 | Nuonic Pty Ltd – Prism software platform – vehicle activity measurement (kilometres and time) for fuel tax credit purposes | This Ruling sets out when the portable document format version of the monthly Vehicle Activity Apportionment Report generated by Nuonic Pty Ltd’s Prism software platform can be used as a record (but not the only record) for record-keeping purposes for fuel tax credit purposes. This Ruling applies to taxable fuel acquired on or after 1 July 2023 to 30 June 2024. |
CR 2023/51 | FAR Ltd – return of capital | This Ruling sets out the income tax consequences for shareholders of FAR Ltd who received a return of capital payment of 40c per ordinary FAR share on 31 August 2023. This Ruling applies from 1 July 2023 to 30 June 2024. |
PR 2023/18 | Morgan Stanley Option and Loan Facility | This Ruling sets out the income tax consequences for entities that participate as an investor in the Morgan Stanley Option and Loan Facility Facility offered by Morgan Stanley & Co International plc issued under the Morgan Stanley Option and Loan Facility Information Memorandum. This Ruling applies to specified investors from 1 July 2023 until 30 June 2026. |
PR 2023/19 | Fringe benefits tax consequences for employers under an Origin electric vehicle subscription agreement | This Ruling sets out the fringe benefits tax consequences for employers that enter into an Electric Vehicle Subscription Master Agreement offered by Origin Energy Electricity Limited. This Ruling applies to employers that entered into the scheme outlined in the Ruling from 1 April 2023 to 31 March 2026. |
NOTICE OF ADDENDUM | ||
Ruling number | Subject | Brief description |
ER 2012/1 | Excise: the meaning of the expression ‘manufactured or produced’ for the purposes of the Excise Acts | This Addendum amends Excise Ruling ER 2012/1 to reflect the amendments made to the Excise Act 1901 by the Treasury Laws Amendment (Refining and Improving Our Tax System) Act 2023. This Addendum applies from 1 July 2023. |