Notice of Rulings and Withdrawal of Rulings 15 July 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 2026/40 | FAR Ltd – return of capital | This Ruling sets out the income tax consequences for shareholders of FAR Ltd who receive a return of capital payment on 11 June 2026. This Ruling applies to shareholders specified in the Ruling from 1 July 2025 to 30 June 2026. |
CR 2026/41 | Peel Mining Limited – return of capital by in specie distribution of shares in Spectre Metals Limited | This Ruling sets out the income tax consequences for shareholders of Peel Mining Limited who received from that company a pro rata in specie distribution of ordinary shares in Spectre Metals Limited on 30 June 2026. This Ruling applies to shareholders specified in the Ruling from 1 July 2025 to 30 June 2026. |
CR 2026/42 | Peel Mining Limited – scrip for scrip roll-over | This Ruling sets out the income tax consequences for the holders of ordinary shares in Peel Mining Limited who acquired ordinary shares in Aeris Resources Limited in exchange for their shares in Peel Mining Limited on 1 July 2026. This Ruling applies to shareholders specified in the Ruling from 1 July 2026 to 30 June 2027. |
NOTICE OF ADDENDA | ||
Ruling number | Subject | Brief description |
LCR 2016/9 | Superannuation reform: transfer balance cap | This Addendum amends Law Companion Ruling LCR 2016/9 to:
This Addendum applies from both before and after its date of issue, subject to the commencement and application of each Act to which it refers. |
ER 2023/1 | Excise: the meaning of ‘legally and economically independent’
| This Addendum amends Excise Ruling ER 2023/1 to reflect amendments made to Excise Regulation 2015 by the Excise Amendment (Remission Increase for Distillers and Brewers) Regulations 2025, and update minor typographical and grammatical issues. This Addendum applies from 1 July 2026. |
CR 2026/36 | Red Metal Limited – in specie return of Maronan Metals Limited shares | This Addendum amends Class Ruling CR 2026/36 to represent the acceptable reasonable apportionment of the cost base. This Addendum applies from 1 July 2025 to 30 June 2026. |
NOTICE OF WITHDRAWALS | ||
Ruling number | Subject | Brief description |
TR 94/3 | Income tax: tax shortfall penalties: calculation of a tax shortfall and allocation of additional tax | Taxation Ruling TR 94/3 sets out the basis on which additional tax should be calculated under former sections 226G, 226H, 226J, 226K, 226L and 226M of the Income Tax Assessment Act 1936. The Ruling is withdrawn with effect from 16 July 2026. |
TR 94/7 | Income tax: tax shortfall penalties: guidelines for the exercise of the Commissioner’s discretion to remit penalty otherwise attracted | Taxation Ruling TR 94/7 sets out how the discretion contained in former subsection 227(3) of the Income Tax Assessment Act 1936 may be exercised to remit penalties otherwise payable under former sections 226G, 226H, 226J, 226K, 226L and 226M of that Act. The Ruling is withdrawn with effect from 16 July 2026. |