COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from http://ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
CR 2017/53 | Income tax: Batlow Fruit Company Pty Ltd – converted to a company registered under the Corporations Act 2001 | The Ruling sets out the Commissioner’s position on members of Batlow Fruit Co‑operative Ltd who held shares on the date of conversion. The Ruling applies from 1 July 2016 to 30 June 2017 and continues to apply after 30 June 2017 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
CR 2017/54 | Income tax: scrip for scrip roll‑over: acquisition of Heemskirk Consolidated Limited by Northern Silica Corporation | The Ruling sets out the Commissioner’s position on holders of ordinary shares in Heemskirk Consolidated Limited. The ruling applies from 1 July 2016 to 30 June 2017 and continues to apply after 30 June 2017 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
PR 2017/10 | Income tax: taxation consequences of investing in Instreet Masti | The Ruling sets out the Commissioner’s position on the taxation consequences of investing in Instreet Masti. The Ruling applies prospectively from 16 August 2017 and applies only to the specified class of entities that enter into the scheme on a relevant Commencement Date. The Ruling will provide advice to those entities for the income years up to 30 June 2020, being its period of application. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
TR 2006/11 | Income tax: Private Rulings | The Addendum amends Taxation Ruling TR 2006/11 to clarify that a private indirect tax ruling can be revised but not withdrawn. The Addendum applies on and from 16 August 2017. |
CR 2015/111 | Fringe benefits tax: corporate clients of McMillan Shakespeare Limited and its subsidiaries (McMillan Shakespeare) who participate in McMillan Shakespeare’s bus travel benefit scheme | The Addendum amends Class Ruling CR 2015/111 to correct the explanation in paragraph 37 of the ruling regarding why the scheme satisfies paragraph 47(6)(aa) of the Fringe Benefits Tax Assessment Act 1986. The Addendum applies on and from 16 December 2015. |
CR 2016/58 | Fringe benefits tax: corporate clients of Smartgroup Corporation Ltd and its subsidiaries (Smartgroup) who participate in Smartgroup’s bus travel benefit scheme | The Addendum amends Class Ruling CR 2016/58 to correct the explanation in paragraph 36 of the ruling regarding why the scheme satisfies paragraph 47(6)(aa) of the Fringe Benefits Tax Assessment Act 1986. The Addendum applies on and from 10 August 2016. |