COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from Branches of the Australian Taxation Office or at http://law.ato.gov.au.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
TD 2013/20 | Fringe benefits tax: when an employer reimburses an amount of expenditure incurred by an employee to a third party, under a salary sacrifice (or similar) arrangement with that employee where that expenditure is notionally subject to Division 35 of the Income Tax Assessment Act 1997, is the amount included under subsection 35-10(2E) increased when applying the 'otherwise deductible rule' in section 24 of the Fringe Benefits Tax Assessment Act 1986? | The Determination sets out the Commissioner’s opinion on employer reimbursements to an employee under salary sacrifice or similar arrangements.
The Determination applies to years of income commencing both before and after its date of issue. |
TD 2013/21 | Income tax: can a consolidated special purpose financial report of a head company of a tax consolidated group satisfy clause 1.1 of Schedule 2 to the Income Tax Assessment Regulations 1997 where transactions within the same category are translated using inconsistent methodologies? | The Determination sets out the Commissioner’s opinion on consolidated special purpose financial reporting for consolidated groups using inconsistent methodologies.
The Determination applies to years of income commencing both before and after its date of issue. |
TR 2013/6 | Fringe benefits tax: otherwise deductible rules and Division 35 of the Income Tax Assessment Act 1997
| The Ruling sets out the Commissioner’s opinion for employers who provide an external expense payment fringe benefit.
The Ruling applies to years of income commencing both before and after its date of issue. |
CR 2013/76 | Income tax: early retirement scheme – Victorian WorkCover Authority
| The Ruling sets out the Commissioner’s opinion on the early retirement scheme for employees of Victorian WorkCover Authority.
The Ruling applies from 23 October 2013 to 30 June 2014. |
PR 2013/17 | Income tax: AgriWealth 2014 Softwood Timber Project
| The Ruling sets out the Commissioner’s opinion for participants of the scheme AgriWealth 2014 Softwood Timber Project.
The Ruling applies prospectively from 23 October 2013, the date it is published. |
PR 2013/18 | Income tax: Macquarie Almond Investment 2006 – Early Growers (to 15 June 2006)
| The Ruling sets out the Commissioner’s opinion for participants in the Macquarie Almond Investment 2006 – Early Growers.
The Ruling applies only to the specified class of entities that entered into the scheme set out in paragraphs 15 to 67 of PR 2006/36 on or after 5 April 2006 and on or before 15 June 2006. |
PR 2013/19 | Income tax: Macquarie Almond Investment 2006 – Late Growers (Post 30 June 2006)
| The Ruling sets out the Commissioner’s opinion for participants in the Macquarie Almond Investment 2006 – Late Growers.
The Ruling applies only to the specified class of entities that entered into the scheme set out in paragraphs 17 to 71 of PR 2006/123 on or after 16 August 2006 and on or before 15 June 2007. |
PR 2013/20 | Income tax: tax consequences of investing in the Westpac Protected Equity Loan
| The Ruling sets out the Commissioner’s opinion on the tax consequences for participants investing in the Westpac Protected Equity Loan.
The Ruling applies prospectively from 22 July 2013. |