COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, 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 |
CR 2014/1 | Income tax: off‑market share buy‑back: IMB Limited | The Ruling sets out the Commissioner’s opinion for all ordinary shareholders of IMB Limited.
The Ruling applies from 1 July 2013 to 30 June 2014. |
CR 2014/2 | Income tax and fringe benefits tax: clients of Perfekt COM Pty Ltd trading as GPS Log Book who use the Vehicle Tax Period Report | The Ruling sets out the Commissioner’s opinion for all clients of Perfekt COM Pty Ltd trading as GPS Log Book (Perfekt COM) who use the Vehicle Tax Period Report.
The Ruling applies from 1 April 2013. |
CR 2014/3 | Goods and services tax: Department of Environment and Primary Industries Victoria (DEPI) – Bushbroker Scheme Landowner Agreement and Credit Agreement
| The Ruling sets out the Commissioner’s opinion for all owners of land that enter into the BushBroker Landowner Agreement and those entities that purchase Credits (Purchasers) under the BushBroker Credit Agreement.
The Ruling applies from 1 July 2012. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
FTR 2009/1 | Fuel tax: entitlement to a fuel tax credit under section 41-5 of the Fuel Tax Act 2006 in a vehicle or equipment hire arrangement
| The Addendum amends Fuel Tax Ruling FTR 2009/1 to include an example of a hire arrangement involving a ‘licence to use’ fuel.
The Addendum applies both before and after its date of issue. |
FTD 2009/1 | Fuel tax: what is the meaning of ‘use’ for the purposes of section 41‑5 of the Fuel Tax Act 2006?
| The Addendum amends Fuel Tax Determination FTD 2009/1 to make minor changes to take into account the decision in Gem Plant Hire Pty Ltd ATF The Condello Family Trust v. Commissioner of Taxation [2012] AATA 852, and insert a cross reference to Fuel Tax Ruling FTR 2009/1.
The Addendum applies both before and after its date of issue. |
TD 2006/57 | Income tax: consolidation: what is an excluded asset under subsection 705‑35(2) of the Income Tax Assessment Act 1997?
| The Addendum amends Taxation Determination TD 2006/57 to delete an interpretation of the High Court decision in Federal Commissioner of Taxation v. Energy Resources of Australia Limited (1996) 185 CLR 66 (ERA) in the explanation section of the determination, which is inconsistent with the decision of the Full Federal Court in Commissioner of Taxation v. Messenger Press (2013) 212 FCR 298. The passages were quoted to provide additional context for the explanation of the meaning of the word ‘under’ in subsection 705‑35(2). Removal of the references to the ERA decision will not change the range of circumstances to which the determination applies.
The Addendum applies on and from 8 January 2014. |
NOTICE OF WITHDRAWAL | ||
Ruling Number | Subject | Brief Description |
GSTA TPP 010 | Goods and services tax: what are the registration requirements for resident agents acting for non‑residents? | Withdrawn with effect from 8 January 2014. |