Notice of Rulings and Withdrawal of Ruling 15 June 2022
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, and under subsection 358-20(1) of Schedule 1 to the Taxation Administration Act 1953 of the withdrawal of the following public ruling, copies of which can be obtained from ato.gov.au/law
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
CR 2022/52 | Espresso Displays Pty Ltd – portable display monitors | This Ruling sets out the fringe benefits tax consequences for employers who purchase portable display monitors from Espresso Displays Pty Ltd for their employees’ work‑related use. This Ruling applies from 1 April 2021 to 31 March 2025. |
CR 2022/53 | Whitefield Ltd – bonus share plan | This Ruling sets out the income tax consequences for Whitefield Ltd shareholders who elected to receive bonus shares in lieu of dividends unde the Whitefield Ltd bonus share plan. This Ruling applies from 1 July 2019 to 30 June 2024. |
CR 2022/54 | Bionics Institute of Australia – loans from public and private ancillary funds | This Ruling sets out the income tax consequences for investors (who are public or private ancillary funds) entering into a loan agreement with the Bionics Institute of Australia. This Ruling applies from 15 June 2022 to 30 June 2027. |
CR 2022/55 | Oil Search Limited – scheme of arrangement and scrip for scrip roll‑over | This Ruling sets out the income tax consequences for Oil Search Limited shareholders who disposed of their shares to Santos Limited. This Ruling applies from 1 July 2021 to 30 June 2022. |
CR 2022/56 | Tower Limited – capital return | This Ruling sets out the income tax consequences for Australian shareholders of Tower Limited who received a payment on 22 March 2022 for cancellation of their ordinary Tower Limited shares under a capital return scheme. This Ruling applies from 1 July 2021 to 30 June 2022. |
CR 2022/57 | PRT Company Limited – distribution of special dividend and return of capital following sale of assets | This Ruling sets out the income tax consequences for ordinary shareholders of PRT Company Limited who received a special dividend and a return of capital. This Ruling applies from 1 July 2021 to 30 June 2022. |
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
PR 2022/5 | Instreet Masti | This Ruling sets out the income tax consequences for entities who enter into the Instreet Masti scheme offered by Instreet Structured Investment Pty Ltd from 1 July 2022 to 30 June 2025. |
NOTICE OF ADDENDUM | ||
Ruling number | Subject | Brief description |
LCR 2021/2 | Non-arm’s length income – expenditure incurred under a non-arm’s length arrangement | This Ruling has been amended to reflect that the Commissioner’s compliance approach outlined in Practical Compliance Guideline PCG 2020/5 Applying the non-arm’s length provisions to ‘non-arm’s length expenditure’ – ATO compliance approach for complying superannuation entities has been extended to the 2022–23 income year. This Addendum applies from 10 June 2022. |
NOTICE OF ERRATUM | ||
Ruling number | Subject | Brief description |
CR 2022/14 | Cardno Limited – return of capital and special dividend | This Ruling has been amended to correct minor typographical errors. This Erratum applies from 23 February 2022. |
NOTICE OF WITHDRAWAL | ||
Ruling number | Subject | Brief description |
CR 2021/3 | Intelematics Australia Pty Limited CONNECT tracking and fleet management solution – use for FBT car logbook and odometer records | This Ruling is withdrawn with effect from 16 June 2022. |