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 |
CR 2017/35 | Fringe benefits tax: corporate clients of Statewide Novated Leasing Pty Ltd and its subsidiaries (Statewide) who participate in Statewide’s bus travel benefit scheme | The Ruling sets out the Commissioner’s position on employers who are clients of Statewide Novated Leasing Pty Ltd and its subsidiaries that provide their employees with a smartcard enabling them to travel on buses only between their place of residence and place of employment. The Ruling applies from 1 April 2017 to 31 March 2022. |
CR 2017/36 | Fringe benefits tax: employer contributions to the Australian Construction Industry Redundancy Trust (ACIRT) | The Ruling sets out the Commissioner’s position on employers who make a contribution to the Australian Construction Industry Redundancy Trust (ACIRT) for an employee who is a member of ACIRT. The Ruling applies from 1 April 2017 to 31 March 2022.. |
PR 2017/6 | Income tax: tax consequences for a borrower being charged a discounted home loan interest rate calculated under Loan Reducer | The Ruling sets out the Commissioner’s position on tax consequences for a borrower being charged a discounted home loan interest rate calculated under Loan Reducer. The Ruling applies prospectively from 1 July 2017. It therefore applies only to the specified class of entities that enter into the scheme from 1 July 2017 until 30 June 2020, being its period of application. |