COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from http://ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
TD 2018/13 | Income tax: Division 7A: can section 109T of the Income Tax Assessment Act 1936 apply to a payment or loan made by a private company to another entity (the ‘first interposed entity’) where that payment or loan is an ordinary commercial transaction? | The Taxation Determination sets out the Commissioner’s position on payments or loans made by a private company to another entity (the ‘first interposed entity’) where that payment or loan is an ordinary commercial transaction.
The Determination applies to years of income commencing both before and after its date of issue. |
CR 2018/32 | Income tax: Mantra Group Limited - Employee Share Scheme - Tax Exempt Share Plan Shares disposed of under Scheme of Arrangement | The Ruling sets out the Commissioner’s position for employees of Mantra Group Limited (Mantra), or a subsidiary of Mantra who participate in the employee share scheme. The Ruling applies from 1 July 2015 to 30 June 2018. |