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 |
TR 2014/4 | Income tax: effective life of depreciating assets (applicable from 1 July 2014) | The Ruling sets out the Commissioner’s position about the effective life of depreciating assets.
The Ruling applies from 1 July 2014. |
TD 2014/16 | Income tax: capital gains: what is the improvement threshold for the 2014-15 income year under section 108-85 of the Income Tax Assessment Act 1997? | The Determination sets out the Commissioner’s opinion about the improvement threshold for the 2014-15 income year.
The Determination applies for the 2014-15 income year. |
TD 2014/17 | Income tax: what is the car limit under section 40-230 of the Income Tax Assessment Act 1997 for the 2014-15 financial year? | The Determination sets out the Commissioner’s opinion about the car limit for the 2014-15 financial year.
The Determination applies for the financial year commencing on 1 July 2014. |
CR 2014/50 | Income tax: proposed return of share capital: IPE Limited | The Ruling sets out the Commissioner’s position for the holders of ordinary shares in IPE Limited (IPE).
The Ruling applies from 1 July 2013 to 30 June 2015. |
CR 2014/51 | Income tax: Nyrstar Port Pirie Workforce Renewal Scheme | The Ruling sets out the Commissioner’s position for all employees of Nyrstar Port Pirie Pty Ltd (Nyrstar).
The Ruling will be available for applications within two weeks following the 25 June 2014 to 31 December 2014. |
CR 2014/52 | Income tax: Snack Brands Australia Early Retirement Scheme | The Ruling sets out the Commissioner’s position for all staff of Snack Brands Industries Pty Ltd & Snack Brands Foods Pty Ltd (trading as Snack Brands Australia) employed at the Smithfield New South Wales (NSW) manufacturing plant.
The Ruling applies from 25 June 2014 to 25 September 2014. |
CR 2014/53 | Income tax: The Real McCoy Snackfood Co Pty Ltd Early Retirement Scheme | The Ruling sets out the Commissioner’s position for all staff of The Real McCoy Snackfood Co Pty Ltd employed at the Blacktown New South Wales (NSW) manufacturing plant.
The Ruling applies from 25 June 2014 to 25 September 2014. |
PR 2014/12 | Income tax: AIL Almond Grower Project – Swan Hill 2007 Growers (to 15 June 2007) – financial years ending 30 June 2013 and 30 June 2014 | The Ruling sets out the Commissioner’s position for those entities who take part in the scheme AIL Almond Grower Project – Swan Hill 2007 Growers (to 15 June 2007) Project.
The Ruling applies only to the specified class of entities that entered into the scheme between 18 October 2006 and 15 June 2007 inclusive. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
TR 2006/10 | Public Rulings | The Addendum amends Taxation Ruling TR 2006/10 to update references to the Public Governance, Performance and Accountability Act 2013.
The Addendum applies on and from 1 July 2014. |
CR 2013/2 | Income tax: assessable income: certain Australian Agency for International Development employees - deployed to Afghanistan to provide Official Development Assistance | The Addendum amends Class Ruling CR 2013/2 to limit the date of effect of the Ruling.
The Addendum applies on and from 1 July 2014. |
SGD 2005/2 | Superannuation guarantee: is a contribution to a complying superannuation fund or a retirement savings account for the benefit of an employee made when the employer makes the contribution to a clearing house (other than an approved clearing house)? | The Addendum amends Superannuation Guarantee Determination SGD 2005/2 to reflect the addition of the Australian Taxation Office as an ‘approved clearing house’ under regulation 7AE of the Superannuation Guarantee (Administration) Regulations 1993, as amended by the Tax and Superannuation Laws Amendment (2014 Measures No. 1) Regulation 2014.
The Addendum applies on and from 20 February 2014. |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
TR 2013/4 | Income tax: effective life of depreciating assets (applicable from 1 July 2013) | Withdrawn with effect from 1 July 2014. |
GSTA TPP 055 | Goods and services tax: is a diesel fuel grant, or diesel fuel rebate consideration for a taxable supply? | Withdrawn with effect from 25 June 2014. |
GSTA TPP 057 | Goods and services tax: how does section 39 of the Taxation Administration Act 1953 (TAA) operate if supplies that incorrectly include GST in the price are made to the public at large and unregistered recipients cannot be traced? | Withdrawn with effect from 25 June 2014. |
GSTA TPP 058 | Goods and services tax: is the supply of an enterprise that includes a short‑term lease of the enterprise premises a GST‑free supply of a going concern? | Withdrawn with effect from 25 June 2014. |
GSTA TPP 061 | Goods and services tax: is there an increasing adjustment when an enterprise asset is transferred to a spouse because of a marital breakdown where the acquisition of the asset was a creditable acquisition? | Withdrawn with effect from 25 June 2014. |
GSTA TPP 068 | Goods and services tax: would the addition of a second storey to a single storey house constitute ‘substantial renovations’ so as to make the premises ‘new residential premises’? | Withdrawn with effect from 25 June 2014. |
GSTA TPP 069 | Goods and services tax: would the addition of four rooms onto the end of a six‑room house constitute ‘substantial renovations’ so as to make the premises ‘new residential premises’? | Withdrawn with effect from 25 June 2014. |
GSTA TPP 071 | Goods and services tax: are the simplified accounting method turnover thresholds GST‑inclusive or GST‑exclusive? | Withdrawn with effect from 25 June 2014. |
SMSFD 2010/1 | Self Managed Superannuation Funds: can a trustee of a self managed superannuation fund purchase a trauma insurance policy in respect of a member and still satisfy the sole purpose test in section 62 of the Superannuation Industry (Supervision) Act 1993? | Withdrawn with effect from 1 July 2014. |