Notice of Rulings 4 October 2023
The Acting Commissioner of Taxation, Jacqui Curtis, 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 2023/53 | National Australia Bank Limited – NAB Capital Notes 7 | The Ruling sets out the income tax consequences for entities who subscribed for and acquired National Australia Bank Capital Notes 7 issued by National Australia Bank Limited. The Ruling applies from 1 July 2023 to 30 June 2033. |
CR 2023/54 | EML Payment Solutions Limited – employer clients’ use of living expenses card facility | The Ruling sets out the fringe benefits tax consequences for employer clients of EML Payment Solutions Limited (EML) who are subject to the provisions of either section 57A or section 65J of the Fringe Benefits Tax Assessment Act 1986 and make use of EML’s living expenses card facility. The Ruling applies from 1 April 2022 to 31 March 2027. |
CR 2023/55 | EML Payment Solutions Limited – employer clients’ use of meals and entertainment card facility | The Ruling sets out the fringe benefits tax consequences for employer clients of EML Payment Solutions Limited (EML) who are subject to the provisions of either section 57A or section 65J of the Fringe Benefits Tax Assessment Act 1986 and make use of EML’s meals and entertainment card facility. The Ruling applies from 1 April 2022 to 31 March 2027. |
CR 2023/56 | Abacus Property Group – de-stapling and re-stapling as Abacus Group and Abacus Storage King – employee share scheme | The Ruling sets out the income tax consequences for employees of entities who formed part of the Abacus Property Group, or one of its subsidiaries, who were participants in an Abacus employee share scheme at the time Abacus undertook a restructure on 3 August 2023. The Ruling applies from 1 July 2023 to 30 June 2024. |
NOTICE OF ERRATUM | ||
Ruling number | Subject | Brief description |
TR 2007/10 | Income tax: the treatment of shipping and aircraft leasing profits of United States and United Kingdom enterprises under the deemed substantial equipment permanent establishment provision of the respective Taxation Conventions | The Erratum removes an erroneous paragraph reference within the Ruling. The Erratum applies from 19 December 2007. |