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 2014/5 | Income tax: matrimonial property proceedings and payments of money or transfers of property by a private company to a shareholder (or their associate) | The Ruling sets out the Commissioner’s position on matrimonial property transfers.
The Ruling applies both before and after its date of issue. |
GSTD 2014/3 | Goods and services tax: do payments made by a vendor to a purchaser of real property when the rent received falls below a rental yield guaranteed by the vendor give rise to an adjustment event for the purposes of Division 19 of the A New Tax System (Goods and Services Tax) Act 1999? | The Determination sets out the Commissioner’s position on payments made by a vendor to a purchaser of real property.
The Determination applies both before and after its date of issue. |
CR 2014/61 | Income tax: off market share buy‑back – Tower Limited | The Ruling sets out the Commissioner’s position for holders of ordinary shares in Tower Limited. The Ruling applies from 1 July 2013 to 30 June 2014. |
CR 2014/62 | Income tax: private practice arrangement for Medical Practitioners of the Intensive Care Unit of the Royal Melbourne Hospital | The Ruling sets out the Commissioner’s position for Medical Practitioners of the Intensive Care Unit of the Royal Melbourne Hospital, who enter into a Private Practice Agreement.
The Ruling applies from 1 July 2013. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
FTR 2007/1 | Fuel tax: the meaning of ‘acquire’, ‘manufacture’ and ‘import’ in the expression ‘taxable fuel that you acquire or manufacture in, or import into, Australia to the extent that you do so for use in carrying on your enterprise’ in the Fuel Tax Act 2006 | The Addendum amends Fuel Tax Ruling FTR 2007/1 to reflect changes to the Fuel Tax Act 2006 as a result of the Clean Energy Legislation (Carbon Tax Repeal) Act 2014.
The Addendum applies on and from 1 July 2014. |
FTR 2008/1 | Fuel tax: vehicle’s travel on a public road that is incidental to the vehicle’s main use and the road user charge | The Addendum amends Fuel Tax Ruling FTR 2008/1 to reflect changes to the Fuel Tax Act 2006 as a result of the Clean Energy Legislation (Carbon Tax Repeal) Act 2014.
The Addendum applies on and from 1 July 2014. |
FTD 2006/2 | Fuel tax: what records are required to be kept by taxpayers to substantiate a claim for a fuel tax credit? | The Addendum amends Fuel Tax Determination FTD 2006/2 to reflect changes to the Fuel Tax Act 2006 as a result of the Clean Energy Legislation (Carbon Tax Repeal) Act 2014.
The Addendum applies on and from 1 July 2014. |
FTD 2010/1 | Fuel tax: is apportionment used when determining total fuel tax credits in calculating the net fuel amount under section 60‑5 of the Fuel Tax Act 2006? | The Addendum amends Fuel Tax Determination FTD 2010/1 to reflect changes to the Fuel Tax Act 2006 as a result of the Clean Energy Legislation (Carbon Tax Repeal) Act 2014.
The Addendum applies on and from 1 July 2014. |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
FTR 2012/1 | Fuel tax: fuel tax credits for taxable fuel acquired or manufactured in, or imported into, Australia for use in carrying on an enterprise involving ‘agriculture’ as defined in section 43‑15 of the Fuel Tax Act 2006 | Fuel Tax Ruling FTR 2012/1 is withdrawn with effect from 1 July 2004, the date Subdivision 43‑B of the Fuel Tax Act 2006 was repealed.
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FTR 2012/2 | Fuel tax: fuel tax credits for taxable fuel acquired or manufactured in, or imported into, Australia for use in carrying on an enterprise involving ‘forestry’ as defined in section 43‑75 of the Fuel Tax Act 2006 | Fuel Tax Ruling FTR 2012/2 is withdrawn with effect from 1 July 2014, the date Subdivision 43‑B of the Fuel Tax Act 2006 was repealed. |
FTR 2012/3 | Fuel tax: fuel tax credits for taxable fuel acquired or manufactured in, or imported into, Australia for use in carrying on an enterprise involving ‘fishing operations’ as defined in section 43‑70 of the Fuel Tax Act 2006 | Fuel Tax Ruling FTR 2012/3 is withdrawn with effect from 1 July 2014, the date Subdivision 43‑B of the Fuel Tax Act 2006 was repealed. |