Notice of Rulings 31 March 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 |
GSTD 2021/1 | Goods and services tax: development works in the Australian Capital Territory | This Determination clarifies the goods and services tax impact of development arrangements carried out by developers on land acquired under a long-term Crown lease in the Australian Capital Territory. The Determination clarifies when a developer provides development works as non‑monetary consideration for the acquisition of the long-term Crown lease, ensuring both parties have a common understanding of the arrangement. This Determination applies both before and after its date of issue. |
CR 2021/26 | Qantas Airways Limited – 2020/22 Qantas non executive director fee sacrifice share acquisition plan | This Ruling sets out the income tax consequences for employees of Qantas Airways Limited and its subsidiaries who participate in the 2020/22 Qantas Non Executive Director Fee Sacrifice Share Acquisition Plan. This ruling applies from 1 July 2019 to 30 June 2022. |
NOTICE OF ADDENDA | ||
Ruling number | Brief description | |
GSTR 2015/2 | Goods and services tax: development lease arrangements with government agencies | This Addendum amends GSTR 2015/2 to improve clarity and provide further details regarding the calculation of the market value of development works. This addendum applies from 31 March 2021. |