Notice of Rulings and Withdrawal of Rulings 20 November 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 2024/72	Transport for New South Wales – free Opal card scheme	This Ruling sets out the fringe benefits tax consequences of the provision of Opal cards by employers to their employees, that allow for free travel across the Opal network. This Ruling applies to employers specified in the Ruling from 1 April 2024 to 31 March 2029.
TD 2024/8	Income tax: value of goods taken from stock for private use for the 2024–25 income year	This Determination provides the amounts that the Commissioner will accept as estimates of the value of goods taken from trading stock for private use by taxpayers in named industries. The Determination applies to the 2024–25 income year.

NOTICE OF ADDENDA
Ruling number	Subject	Brief description
GSTR 2002/2	Goods and services tax: GST treatment of financial supplies and related supplies and acquisitions	This Addendum amends Goods and Services Tax Ruling GSTR 2002/2 to: make minor consequential updates to the definition of ‘ATM’ as part of the updates to Goods and Services Tax Ruling GSTR 2014/2 Goods and services tax: treatment of ATM service fees, credit card surcharges and debit card surcharges, to reflect the decision in Banktech Group Pty Ltd v Commissioner of Taxation [2023] AATA 3850 ensure currency of legislative and other citations make editorial changes where required to meet accessibility requirements. This Addendum applies both before and after its date of issue.
GSTR 2014/2	Goods and services tax: treatment of ATM service fees, credit card surcharges and debit card surcharges	This Addendum amends Goods and Services Tax Ruling GSTR 2014/2 to: reflect changes to how the Ruling defines ‘ATM’ and ‘ATM services’, consistent with the decision in Banktech Group Pty Ltd v Commissioner of Taxation [2023] AATA 3850 ensure currency of legislative and other citations make editorial changes where required to meet accessibility requirements. This Addendum applies both before and after its date of issue.
MT 2012/2	Miscellaneous taxes: application of the income tax and GST laws to deferred transfer farm-out arrangements	This addendum amends Miscellaneous Taxation Ruling MT 2012/2 to update references to legislative instruments and address accessibility issues. This Addendum applies from before and after its date of issue, subject to the commencement and application provisions of each amending Act or Regulation to which it refers.

NOTICE OF ERRATUM

Ruling number

Subject

Brief description

CR 2024/57

Macquarie Group Limited – Macquarie Capital Notes 7

This Erratum amends a typographical error in Class Ruling 2024/57.

This Erratum applies from 18 September 2024.

NOTICE OF WITHDRAWAL
Ruling number	Subject	Brief description
TD 2019/2	Income tax: value of goods taken from stock for private use for the 2018-19 income year	TD 2019/2 is withdrawn as its period of effect has ceased.

Notice of Rulings and Withdrawal of Rulings 20 November 2024

Administered by Department of the Treasury