COMMISSIONER OF TAXATION
The acting Commissioner of Taxation, Geoff Leeper, gives notice of the following Rulings, copies of which can be obtained from Branches of the Australian Taxation Office or at http://law.ato.gov.au.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
LCTD 2013/1 | Luxury car tax: what is the luxury car tax threshold and the fuel‑efficient car limit for the 2013‑14 financial year? | The Determination sets out the Commissioner’s opinion about how the luxury car tax threshold and the fuel‑efficient tax limit are determined in accordance with Division 25 of the A New Tax System (Luxury Car Tax) Act 1999.
The Determination applies to the financial year commencing 1 July 2013. |
CR 2013/30 | Income tax: demerger of FIIG Securities Limited by Driven Holdings Pty Ltd | The Ruling sets out the Commissioner’s opinion for shareholders of Driven Holdings Pty Ltd.
The Ruling applies from 1 July 2012 to 30 June 2013. |
CR 2013/31 | Income tax: early retirement scheme – Coca-Cola Amatil (Aust) Pty Ltd | The Ruling sets out the Commissioner’s opinion for employees of Coca-Cola Amatil (Aust) Pty Ltd.
The Ruling applies from 22 May 2013 to 31 March 2014. |
PR 2013/12 | Income tax: deductibility of interest incurred under a Commonwealth Bank Protected Loan used to invest in units in an ASX listed cash trust | The Product Ruling sets out the Commissioner’s opinion on the scheme referred to as the Commonwealth Bank Protected Loan used to acquire securities which include units in an Australian Securities Exchange listed cash trust, and offered by the Commonwealth Bank of Australia under the Options and Lending Facility Product Disclosure Statement dated 1 July 2010.
The Product Ruling applies prospectively from 1 July 2012. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
WETR 2009/1 | Wine equalisation tax: the operation of the wine equalisation tax system | The Addendum amends Wine Equalisation Tax Ruling WETR 2009/1 to reflect changes to the New Tax System (Goods and Services Tax) Act 1999, A New Tax System (Wine Equalisation Tax) Act 1999, and the Taxation Administration Act 1953 as a result of the Indirect Tax Laws Amendment (Assessment) Act 2012. It applies to payments or refunds that relate to tax periods starting on or after 1 July 2012 or if they do not relate to any tax periods, liabilities or entitlements that arose on or after 1 July 2012. The Addendum also amends Wine Equalisation Tax Ruling WETR 2009/1 to reflect changes in the A New Tax System (Wine Equalisation Tax) Act 1999 as a result of the Customs Tariff Amendment (Schedule 4) Act 2012. Those changes apply to importations that occur on or after 1 March 2013.
The Addendum applies on and from 1 July 2012. |
PR 2011/19 | Income tax: deductibility of interest in relation to investment in units in the Macquarie Flexi 100 Trust issued on or before 30 June 2014 – limited recourse borrowings | The Addendum amends Product Ruling PR 2011/19 to incorporate the Supplementary Product Disclosure Statements dated 16 November 2012, 2 May 2013 and 6 May 2013 as scheme documents.
The Addendum applies on and from 16 November 2011. |