Notice of Rulings 27 November 2024
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 2024/73 | Aristocrat Leisure Limited – Non-Executive Director Rights Plan | This Ruling sets out the income tax consequences for employees of Aristocrat Leisure Limited who participate in the Aristocrat Non-Executive Directors Rights Plan. This Ruling applies to entities specified in the Ruling that enter the scheme from 1 October 2024 to 30 September 2029. |
CR 2024/74 | Smartgroup Corporation Ltd – Smartgroup Logbook Solution for car logbook records and odometer records | This Ruling sets out when the reports generated by the Smartgroup Logbook Solution can be utilised to reduce the operating costs in both a logbook year of tax and a non-logbook year of tax for the purpose of calculating the taxable value of a car fringe benefit using the operating cost method. This Ruling applies to employers specified in the Ruling from 1 April 2023 to 31 March 2028. |
CR 2024/75 | Southern Cross Payments Ltd – return of capital by in specie distribution of shares in ISX Financial EU Plc | This Ruling sets out the income and capital gains tax consequences for ordinary shareholders of Southern Cross Payments Ltd who received a return of capital by way of an in specie distribution of shares in ISX Financial EU Plc on 18 October 2021. This Ruling applies from 1 July 2021 to 30 June 2022. |
TD 2024/9 | Income tax: factors taken into account applying paragraphs 99B(2)(a) and (b) of the Income Tax Assessment Act 1936 | This Determination sets out our view on the relevance of the following in applying the hypothetical resident taxpayer tests:
This Determination applies to arrangements both before and after its date of issue. |