Notice of Rulings and Withdrawal of Rulings 13 May 2026
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 rulings, copies of which can be obtained from ato.gov.au/law
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
CR 2026/19 | Apromore Holding Pty Ltd – employee share scheme – minimum holding period | This Ruling sets out the income tax consequences for employees of Apromore Holding Pty Ltd or its subsidiary who were granted options that were subsequently cancelled pursuant to an option surrender deed. This Ruling applies to individuals specified in the Ruling from 1 July 2022 to 30 June 2025. |
CR 2026/20 | Leo Lithium Limited – return of capital and special dividend | This Ruling sets out the income tax consequences of the distribution per share to Leo Lithium Limited shareholders, which comprised a special dividend and a capital return per share. This Ruling applies to shareholders specified in the Ruling from 1 July 2025 to 30 June 2026. |
PR 2026/3 | Variable Universal Life Assurance Policy – Advantage International Life Bermuda Limited and Advantage Life Assurance I.I. | This Ruling sets out the income tax consequences for entities in connection with a life insurance policy referred to as Variable Universal Life Assurance Policy issued by Advantage International Life Bermuda Limited or Advantage Life Assurance I.I.. This Ruling applies to entities specified in the Ruling from 1 July 2025. |
PR 2026/4 | Elders Rural Services Australia Limited – Rural Products Prepayment Program | This Ruling sets out the income tax consequences for entities that participate as a customer in the Rural Products Prepayment Program offered by Elders Rural Services Australia Limited. This Ruling applies to entities specified in the Ruling from 1 July 2026. |
NOTICE OF WITHDRAWALS | ||
Ruling number | Subject | Brief description |
TD 2020/3W | Fringe benefits tax: what are the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing on 1 April 2020? | Taxation Determination TD 2020/3 is withdrawn with effect from 14 May 2026 as its period of effect has passed. The Determination will continue to be legally binding on the Commissioner for the relevant period to which it relates. |
TD 2020/4W | Fringe benefits tax: reasonable amounts under section 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the fringe benefits tax year commencing on 1 April 2020 | Taxation Determination TD 2020/4 is withdrawn with effect from 14 May 2026 as its period of effect has passed. The Determination will continue to be legally binding on the Commissioner for the relevant period to which it relates. |