Notice of Rulings 26 March 2025
The Commissioner of Taxation, Rob Heferen, 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 2025/22 | Suncorp Group Limited – special dividend, reduction of share capital and share consolidation | This Ruling sets out the income tax consequences of the special dividend of $0.22 per ordinary share and reduction of share capital of $3.00 per ordinary share paid by Suncorp Group Limited, and the consolidation of the number of ordinary shares in that company. This Ruling applies to shareholders specified in the Ruling from 1 July 2024 to 30 June 2025. |
CR 2025/23 | Latin Resources Limited – return of capital by in specie distribution of ESG Minerals Limited shares | This Ruling sets out the income tax consequences for shareholders of Latin Resources Limited who received a return of capital by way of an in specie distribution of shares in ESG Minerals Limited on 30 January 2025. This Ruling applies to shareholders specified in the Ruling from 1 July 2024 to 30 June 2025. |
CR 2025/24 | Latin Resources Limited – scrip for scrip roll-over | This Ruling sets out the income tax consequences for holders of ordinary shares in Latin Resources Limited and holders of options to acquire shares in that company who disposed of these holdings in exchange for shares in Pilbara Minerals Limited on 4 February 2025. This Ruling applies to shareholders and holders of options specified in the Ruling from 1 July 2024 to 30 June 2025. |
TD 2025/1 | Fringe benefits tax: rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing 1 April 2025 | This Determination sets the rates to be applied where the cents per kilometre basis is used to calculate the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car. This Determination applies to the fringe benefits tax year commencing 1 April 2025. |
TD 2025/2 | Fringe benefits tax: reasonable amounts under section 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the fringe benefits tax year commencing 1 April 2025 | This Determination sets out the amounts that the Commissioner considers reasonable, under section 31G of the Fringe Benefits Tax Assessment Act 1986, for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit. This Determination applies to the fringe benefits tax year commencing 1 April 2025. |