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 2013/61 | Income tax: scrip for scrip roll-over: acquisition of Diversified Utility and Energy Trust No. 3 by Diversified Utility and Energy Trust No. 2 | The Ruling sets out the Commissioner’s opinion for the holders of units in Diversified Utility and Energy Trust No. 3. The Ruling applies from 1 July 2013 to 30 June 2014. |
CR 2013/62 | Income tax: exchange of shares in DUET Management Company 1 Limited for shares in DUET Company Limited
| The Ruling sets out the Commissioner’s opinion for the holders of ordinary shares in DUET Management Company 1 Limited. The Ruling applies from 1 July 2013 to 30 June 2014. |
CR 2013/63 | Income tax: exchange of units in Diversified Utility and Energy Trust No. 1 for shares in DUET Company Limited
| The Ruling sets out the Commissioner’s opinion for the holders of units in Diversified Utility and Energy Trust No. 1.
The Ruling applies from 1 July 2013 to 30 June 2014. |
CR 2013/64 | Income tax: allowable deductions: fees paid to Management Expertise Finance Pty Limited by a non-working partner in a pharmacy partnership under an Outsourcing Deed
| The Ruling sets out the Commissioner’s opinion for non-working partners of a pharmacy partnership who enter into an agreement with Management Expertise Finance Pty Limited as trustee for the Management Expertise Unit Trust for the provision of services in the nature of Outsourcing Requirements to the pharmacy partnership.
The Ruling applies from 1 July 2013. |
CR 2013/65 | Income tax: assessable income: Australian Agency for International Development employees deployed to the Solomon Islands to provide Official Development Assistance
| The Ruling sets out the Commissioner’s opinion for Australian Agency for International Development employees who are deployed to the Solomon Islands to deliver Australian Official Development Assistance.
The Ruling applies from 1 July 2013. |
CR 2013/66 | Fringe benefits tax: employers who use the Navman Wireless Australia telematics system for car log book records and for odometer records
| The Ruling sets out the Commissioner’s opinion for those employers who use the Navman Wireless Australia Pty Ltd telematics system for car log book record and odometer record keeping requirements.
The Ruling applies from 1 April 2013. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
CR 2013/10 | Fringe benefits tax: employers who are clients of Andrews Airport Parking and who enter into the Corporate Bailment Agreement | The Addendum amends Class Ruling CR 2013/10 to remove any uncertainty over the date of effect of the ruling and the class of entities to whom the ruling will apply.
The Addendum applies on and from 1 April 2013. |
CR 2013/52 | Income tax: NRMA Motoring Services Early Retirement Incentive Scheme | The Addendum amends Class Ruling CR 2013/10.
The Addendum applies from 10 July 2013. |
IT 2417 | Income tax: imputation of company tax: Form approved by Commissioner of Taxation for issue to shareholders receiving dividends | The Addendum amends Taxation Ruling IT 2417 to reflect the changes to the law resulting from the operation of New Business Tax System (Imputation) Act 2002.
The Addendum applies on and from 1 July 2002. |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
IT 209 | Income tax: deductibility of lease payments on farm sheds | Taxation Ruling IT 209 is withdrawn with effect from 7 August 2013. |
IT 2153 | Income tax: exempt income – societies, associations or clubs established for the purpose of contesting the defence of the America’s Cup | Taxation Ruling IT 2153 is withdrawn with effect from 7 August 2013.
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IT 2224 | Income tax: Credit Unions: Guarantee Funds – payments to and from Guarantee Funds | Taxation Ruling IT 2224 is withdrawn with effect from 7 August 2013. |
IT 2236 | Income tax: plant purchased under hire purchase agreements – treatment of hire purchase charges | Taxation Ruling IT 2236 is withdrawn with effect from 7 August 2013. |
IT 2571 | Income tax: application of sections 160AQT and 160AQU to continuously complying Fixed Interest Approved Deposit Funds to which section 290A also applies | Taxation Ruling IT 2571 is withdrawn with effect from 7 August 2013.
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TD 92/194 | Income tax: for imputation purposes does a ‘frankable dividend’ include a payment made by a private company, that is deemed to be a dividend by virtue of section 108 or section 109 of the Income Tax Assessment Act 1936? | Taxation Determination TD 92/194 is withdrawn with effect from 7 August 2013.
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TD 93/166 | Income tax: in what circumstances must dividends paid in respect of different classes of shares be franked at the same rate to avoid being considered as underfranked? | Taxation Determination TD 93/166 is withdrawn with effect from 7 August 2013.
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TD 96/28 | Income tax: can an amount deducted under the Prescribed Payment System from a payment to a company be entered into a franking account of the company at the time the deduction is made? | Taxation Determination TD 96/28 is withdrawn with effect from 7 August 2013. |
TD 99/31 | Income tax: does Taxation Determination TD 94/80 apply to the Land Transport Facilities tax offset? | Taxation Determination TD 99/31 is withdrawn with effect from 7 August 2013. |
TD 99/32 | Income tax: is a cash collateralisation arrangement acceptable for parties entering into a Land Transport Facilities borrowings agreement? | Taxation Determination TD 99/32 is withdrawn with effect from 7 August 2013.
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TD 99/33 | Income tax: will a lender under a Land Transport Facilities borrowings agreement be denied deductions in respect of their own funding costs if they lend to the borrower at a lower rate of interest? | Taxation Determination TD 99/33 is withdrawn with effect from 7 August 2013.
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TR 95/28 | Income tax: life insurers and friendly societies - effect of 1994 amendments to Division 8 and Division 8A of the Income Tax Assessment Act 1936 | Taxation Ruling TR 95/28 is withdrawn with effect from 7 August 2013.
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