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 |
GSTR 2014/1 | Goods and services tax: motor vehicle incentive payments | The Ruling sets out the Commissioner’s position on the goods and services tax consequences of incentive payments made by motor vehicle manufacturers, importers and distributors to motor vehicle dealers. The Ruling applies to tax periods starting on or after 1 May 2014 |
CR 2014/74 | Fringe benefits tax: employer clients of Emerchants Payment Solutions Limited (Emerchants) who are subject to the provisions of either section 57A or section 65J of the Fringe Benefits Tax Assessment Act 1986 and make use of the Emerchants’ Meals and Entertainment Card facility | The Ruling sets out the Commissioner’s position to those employers who are subject to the provisions of either section 57A or section 65J of the Fringe Benefits Tax Assessment Act 1986 and who make use of the Emerchants’ Meals and Entertainment Card facility. The Ruling applies from 1 April 2014. |
CR 2014/75 | Fringe benefits tax: employer clients of Emerchants Payment Solutions Limited (Emerchants) who are subject to the provisions of either section 57A or section 65J of the Fringe Benefits Tax Assessment Act 1986 and make use of the Emerchants’ Living Expenses Card facility | The Ruling sets out the Commissioner’s position to those employers who are subject to the provisions of either section 57A or section 65J of the Fringe Benefits Tax Assessment Act 1986 and who make use of the Emerchants’ Living Expenses Card facility. The Ruling applies from 1 April 2014. |
CR 2014/76 | Income tax: Capital management distribution: Wesfarmers Limited | The Ruling sets out the Commissioner’s position to holders of ordinary shares in Wesfarmers Limited who are covered in the Ruling. The Ruling applies from 1 July 2014 to 30 June 2015. |
CR 2014/77 | Income tax: Westfield Retail Trust: Merger with Westfield Group’s Australian/New Zealand business | The Ruling sets out the Commissioner’s position to owners of Westfield Retail Trust stapled securities who meet the conditions set out in the Ruling. The Ruling applies from 1 July 2013 to 30 June 2014. |
CR 2014/78 | Income tax: Westfield Group - Restructure and Merger with the Westfield Retail Trust | The Ruling sets out the Commissioner’s position to owners of Westfield Group stapled securities who meet the conditions set out in the Ruling. The Ruling applies from 1 July 2013 to 30 June 2014. |
CR 2014/79 | Income tax: treatment of transfer payments to employees of Delta Electricity following the sale of the Delta Coast business to a private sector entity | The Ruling sets out the Commissioner’s position on all Delta Electricity (including Delta Electricity corporate employees) at the time of the sale of the Delta Coast business who meet the conditions set out in the Ruling. The Ruling applies from 1 October 2014 to 30 June 2015. |
CR 2014/80 | Income tax: Commonwealth Bank of Australia - CommBank PERLS VII Capital Notes | The Ruling sets out the Commissioner’s position on investors who acquired CommBank PERLS VII Capital Notes issued by the Commonwealth Bank of Australia and who meet the conditions set out in the Ruling. The Ruling applies from 1 July 2014 to 30 June 2025. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
GSTR 2000/19 | Goods and services tax: making adjustments under Division 19 for adjustment events | GSTR 2000/19 is amended due to the issue of GSTR 2014/1, which addresses the GST consequences of incentive payments in the motor vehicle industry. The Addendum applies both before and after the date of issue. |
PGBR 2012/1 | Product Stewardship (Oil) Benefit: the meaning of the expression ‘goods produced from used oil’ and the terms ‘filtered’, ‘de-watered, and ‘de-mineralised’ for the purposes of the Product stewardship for oil benefit scheme | PGBR 2012/1 is amended to clarify the meaning of the expression ‘manufactured or produced’ in relation to the recycling of used oils following the decision in Cooper Bros Holdings Pty Ltd trading as Triple R Waste Management and Commissioner of Taxation [2013] AATA 99, and to reflect the increase in the rate of the category 8 benefit for oil consumed on or after 1 July 2014 to 8.5 cents per litre under the Product Stewardship (Oil) Amendment Regulation 2014. The Addendum applies on and from 1 October 2014. |
ER 2012/1 | Excise: the meaning of the expression ‘manufactured or produced’ for the purposes of the Excise Acts | ER 2012/1 is amended to clarify the meaning of the expression ‘manufactured or produced’ in relation to the recycling of used oils following the decision in Cooper Bros Holdings Pty Ltd trading as Triple R Waste Management and Commissioner of Taxation [2013] AATA 99. The Addendum applies on and from 1 October 2014. |
CR 2009/78 | Income tax: Commonwealth Bank of Australia – Perpetual Exchangeable Resaleable Listed Securities | CR 2009/78 is amended to reflect the payment of the distribution to PERLS V holders for the period from 31 July 2014 to 30 September 2014. The Addendum applies for the income year ended 30 June 2015. |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
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CR 2013/65 | Income tax: assessable income: Australian Agency for International Development employees deployed to the Solomon Islands to provide Official Development Assistance | CR 2013/65 is withdrawn with effect from 1 July 2014. As AusAID was absorbed into the Department of Foreign Affairs and Trade there are no longer any entities that the Ruling applies to from 1 July 2014. |