The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
FTD 2019/1 | Fuel tax: fuel tax credits – vehicles and satisfying environmental criteria | The Determination sets out the Commissioner’s view on interpretative issues in section 41-25 of the Fuel Tax Act 2006. The Determination applies both before and after date of issue. |
GSTR 2019/2 | Goods and services tax: determining the creditable purpose of acquisitions in a credit card issuing business | The Ruling provides advice on the application of paragraph 11‑15(2)(a) of the A New Tax System (Goods and Services) Tax Act 1999 to acquisitions in a credit card issuing business. |
LCR 2019/5 | Base rate entities and base rate entity passive income | The Ruling provides advice on the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Act 2018, including what amounts comprise ‘base rate entity passive income’. The Ruling applies from the 2017-18 income year. |
TR 2019/6 | Income tax: the ‘in Australia’ requirement for certain deductible gift recipients and income tax exempt entities | The Ruling the Commissioner’s view on certain conditions in the Income Tax Assessment Act 1997 dealing with deductible gift recipients (DGRs) and exempt entities. The Ruling applies to years of income commencing both before and after issue. |
TD 2019/14 | Income tax: will a trust split arrangement of the type described in this Determination cause a new trust to be settled over some but not all assets of the original trust with the result that CGT event E1 in subsection 104‑55(1) of the Income Tax Assessment Act 1997 happens? | The Ruling sets out the Commissioner’s position on the outcome of trust splitting arrangements as described in the Ruling. The Ruling applies before and after date of issue. |
NOTICE OF ADDENDA | ||
Ruling number | Subject | Brief description |
GSTR 2006/3 | Goods and services tax: determining the extent of creditable purpose for providers of financial supplies | The Addendum clarifies existing principles including how a direct estimation system operates as part of an apportionment method, and makes other minor updates. The Addendum applies both before and after its date of issue. |
LCR 2016/12 | Superannuation reform: total superannuation balance | The Addendum amends Law Companion Ruling LCR 2016/12 to reflect amendments made by the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Act 2019, and the Treasury Laws Amendment (2018 Measures No. 4) Act 2019. The amendments made by the Addendum apply from the date of effect of the amending law. |