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 2019/14 | Income tax: Monash Absolute Investment Company Limited – off-market share buy-back | The Ruling sets out the Commissioner’s position on the off-market share buy-back of of Monash Absolute Investment Company Limited announced on 20 June 2018. The Ruling applies to all specified entities who entered into the specified scheme during the term of the Ruling. |
CR 2019/15 | Income tax: Ardent Leisure Group – restructure | The Ruling sets out the Commissioner’s position on the restructure of Ardent Leisure Group which took place on 24 December 2018. The Ruling applies to all specified entities who entered into the specified scheme during the term of the Ruling. |
CR 2019/16 | Fringe benefits tax: employer clients of EML Payment Solution Limited who are subject to the provisions of section 57A of the Fringe Benefits Tax Assessment Act 1986 that make use of the Maxxia Wallet or Remserv Wallet | The Ruling sets out the Commissioner’s position on the fringe benefits tax consequences for employers hat make use of the Maxxia Wallet or Remserv Wallet. The Ruling applies from 1 April 2018 to 31 March 2024. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
TR 2013/3 | Income tax: research and development tax offsets: feedstock adjustments | The Addendum amends Taxation Ruling TR 2013/3 to clarify the Commissioner’s view of the law following the decision in GHP 104 160 689 Pty Ltd v. Commissioner of Taxation. The Addendum applies on and from 1 July 2014. |
GSTR 2003/15 | Goods and services tax: importation of goods into Australia | The Addendum amends Goods and Services Tax Ruling GSTR 2003/15 to reflect amendments made to the A New Tax System (Goods and Services Tax) Act 1999 by the Treasury Laws Amendment (GST Low Value Goods) Act 2017 in relation to the importation of low value goods that are made on or after 1 July 2018. The Addendum applies on and from 1 July 2018. |
CR 2016/37 | Fringe benefits tax: clients of Plantcom Pty Ltd who use the Fleetgate Platform reports for car log book and adometer records | The Addendum amends Class Ruling CR 2016/37 to change the name of the company named in the class ruling from Plantcom Pty Ltd to Euclidic Systems Pty Ltd. The Addendum applies on and from 15 November 2018. |