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 |
TD 2016/8 | Income tax: what is the car limit under section 40-230 of the Income Tax Assessment Act 1997 for the 2016‑17 financial year? | The Determination sets out the Commissioner’s opinion on the car limit for the 2016-17 financial year. The Determination applies for the financial year commencing on 1 July 2016. |
LCG 2015/1 | Purpose, nature and role in ATO’s public advice and guidance | The Law Companion Guideline explains the nature of Law Companion Guidelines within the public rulings framework and how they can be relied upon by taxpayers. |
CR 2016/36 | Income tax: Queensland Parents and Citizens Associations – exempt from income tax: association established for community service purposes – Goods and Services Tax: GST Concessions | The Ruling sets out the Commissioner’s opinion for those entities who have adopted the ‘model constitution’ for Parents and Citizens Associations of Queensland State Schools as prepared by the chief executive (Director‑General) of the Department of Education and Training under section 36 of the Education (General Provisions) Regulation 2006 (Queensland). The Ruling applies from 1 August 2015 to 30 June 2025. |
CR 2016/37 | Fringe benefits tax: clients of Plantcom Pty Ltd who use the Fleetgate Platform reports for car log book and odometer records | The Ruling sets out the Commissioner’s opinion for clients of Plantcom Pty Ltd who use the Fleetgate Platform Detailed Report for car log book and odometer record keeping requirements. The Ruling applies from 6 April 2016. |
CR 2016/38 | Income tax: The Gladstone Power Station Early Retirement Scheme 2016 | The Ruling sets out the Commissioner’s opinion for those entities to whom this scheme applies is those employees of NRG Gladstone Operating Services Pty Ltd who receive a payment under the scheme. The Ruling applies from 8 June 2016 to 31 December 2016. |
PR 2016/7 | Income tax: tax consequences of investing in equities using the Macquarie Geared Equities Investment plus (2013 Product Brochure) | The Ruling sets out the Commissioner’s opinion for the participants of Macquarie Geared Equities Investment plus (GEI plus loan). The Ruling applies from 1 July 2016. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief Description |
CR 2007/15 | Fringe benefits tax: employer clients of Community Sector Banking Pty Ltd who are subject to the provisions of section 57A of the Fringe Benefits Tax Assessment Act 1986 that make use of a CSB Salary Benefit Card Account facility | The Addendum amends Class Ruling CR 2007/15 to take account of the application of the Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 to the concessional treatment of meal entertainment and entertainment facility leasing expense benefits provided under a salary packaging arrangement from 1 April 2016. The Addendum applies on and from 1 April 2016. |