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 |
CR 2019/11 | Income tax: Excelsior Capital Limited (formerly CMI Limited) – off-market share buy-back | This Ruling sets out the Commissioner’s position on the off-market share buy-back first announced by Excelsior Capital Limited on 23 August 2018. The Ruling applies from 1 July 2018 to 30 June 2019. The Ruling continues to apply after 30 June 2019 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
CR 2019/12 | Income tax: Phileo Australia Limited – selective capital reduction | This Ruling sets out the Commissioner’s position on the selective capital reduction announced by Phileo Australia Limited on 5 October 2018. The Ruling applies from 1 July 2018 to 30 June 2019. The Ruling continues to apply after 30 June 2019 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
CR 2019/13 | Income tax: Invion Limited – return of capital by way of in specie distribution | This Ruling sets out the Commissioner’s position on the return of capital announced by Invion Limited on 21 December 2018. The Ruling applies from 1 July 2018 to 30 June 2019. The Ruling continues to apply after 30 June 2019 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
TD 2019/1 | Income tax: what constitutes ‘use’ (potentially first use) of a mining, quarry or prospecting right, that is a depreciating asset, for the purposes of subsection 40-80(1) of the Income Tax Assessment Act 1997? | This Determination provides the ATO view on what constitutes ‘use’ of mining, quarrying or prospecting rights for the purposes of subsection 40-80(1) of the Income Tax Assessment Act 1997. |