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 RULING | ||
Ruling Number | Subject | Brief Description |
PR 2015/9 | Income tax: OnePath Life Limited – OneCare Policy – Life Cover, Total and Permanent Disability Cover and/or Trauma Cover – Value Protector Option | The Product Ruling sets out the Commissioner’s position for policy owners, or their nominated beneficiaries, under the OneCare Policy offered by OnePath Life Limited in respect of Life Cover, Total and Permanent Disability Cover and/or Trauma Cover. The Ruling applies from 1 July 2015. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
GSTR 2003/16 | Goods and services tax: inducements to enter into a lease of commercial premises | The Addendum amends GSTR 2003/16 to clarify the facts of Case S41 17 NZTC 7280 referred to in paragraph 51 of the Ruling. The Addendum applies both before and after its date of issue. |
PR 2014/14 | Income tax: OnePath Life Limited – OneCare Policy – Life Cover, Total and Permanent Disability Cover and/or Trauma Cover | The Addendum amends PR 2014/14 to incorporate amendments to Division 118 of the Income Tax Assessment Act 1997 in respect of compensation and insurance policy receipts. The Addendum applies on and from 1 July 2014. |
NOTICE OF WITHDRAWAL | ||
Ruling Number | Subject | Brief Description |
TD 2014/21 | Income tax: where a right to acquire a beneficial interest in a share is granted subject to shareholder approval, is the right an 'indeterminate right' within the meaning of subsection 83A-340(1) of the Income Tax Assessment Act 1997? | The Determination is withdrawn as it is inconsistent with the reasoning in the Federal Court of Davies v. FC of T [2015] FCA 773; 2015 ATC 20-520. The Determination is withdrawn on and from 9 September 2015. |
NOTICE OF ERRATUM | ||
Ruling Number | Subject | Brief Description |
CR 2007/36 | Income tax: Medal Incentive Funding payments provided by the Australian Olympic Committee | The Erratum corrects the year within the header of the Addendum to CR 2007/36 published on 26 August 2015. The Erratum applies on and from 26 August 2015. |