Notice of Rulings and Withdrawal of Rulings 10 July 2024
The Commissioner of Taxation, Rob Heferen, 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 2024/40 | Silver Lake Resources Limited – scrip for scrip roll-over | This Ruling sets out the income tax consequences for holders of ordinary shares in Silver Lake Resources Limited who disposed of those shares to Red 5 Limited on 19 June 2024. This Ruling applies to shareholders specified in the Ruling from 1 July 2023 to 30 June 2024. |
CR 2024/41 | Upper Yarra Community Enterprise Ltd – off-market share buy-back | This Ruling sets out the income tax consequences for shareholders of Upper Yarra Community Enterprise Ltd who participated in the off-market share buy-back announced on 15 November 2023. This Ruling applies to shareholders specified in the Ruling from 1 July 2023 to 30 June 2024. |
CR 2024/42 | Suncorp Group Limited – Suncorp Capital Notes 5 | This Ruling sets out the income tax consequences for entities who subscribed for and acquired Suncorp Capital Notes 5 issued by Suncorp Group Limited. This Ruling applies to entities specified in the Ruling from 1 July 2023 to 30 June 2033. |
CR 2024/43 | Technology Metals Australia Limited – scrip for scrip roll-over | This Ruling sets out the income tax consequences for the holders of ordinary shares in Technology Metals Australia Limited who disposed of those shares to Australian Vanadium Limited on 1 February 2024. This Ruling applies to shareholders specified in the Ruling from 1 July 2023 to 30 June 2024. |
NOTICE OF ADDENDUM | ||
Ruling number | Subject | Brief description |
PR 2022/6 | Tax consequences for a customer participating in CommBank Yello with the Commonwealth Bank of Australia | This Addendum amends Product Ruling PR 2022/6 to incorporate updates to the CommBank Yello Terms and Conditions. This Addendum applies both before and after its date of issue. |
NOTICE OF WITHDRAWAL | ||
Ruling number | Subject | Brief description |
TD 2018/14 | Income tax: what is the benchmark interest rate applicable for the year of income that commenced on 1 July 2018 for the purposes of Division 7A of Part 111 of the Income Tax Assessment Act 1936 and how is it used? | TD 2018/14 is withdrawn as its period of effect has ceased. |