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 2013/17 | Income tax: Westpac Banking Corporation – Westpac Capital Notes
| The Ruling outlines the consequences for investors who are allotted non‑cumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes issued by Westpac Banking Corporation.
The Ruling applies from 1 July 2012 to 30 June 2021. |
CR 2013/18 | Income tax: National Australia Bank Limited – issue of convertible preference shares
| The Ruling outlines the consequences for investors who will be allotted perpetual, convertible, non‑cumulative, unguaranteed and unsecured preference shares issued by National Australia Bank Limited.
The Ruling applies from 20 March 2013 to 30 June 2021. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief Description |
TR 2005/23 | Income tax: listed investment companies
| The Addendum amends Taxation Ruling TR 2005/23 to reflect the withdrawal of Taxation Ruling TR 92/13 and changes to the operation of Subdivision 115‑C of the Income Tax Assessment Act 1997 made by Tax Laws Amendment (2011 Measures No. 5) Act 2011.
Paragraphs 1 to 3 and paragraph 10 of the Addendum apply from 22 June 2011 (being the date on which TR 92/13 was withdrawn). The remaining paragraphs of the Addendum will generally apply in relation to the 2010‑11 and later income years. |
TR 2006/14 | Income tax: capital gains tax: consequences of creating life and remainder interests in property and of later events affecting those interests
| The Addendum amends Taxation Ruling TR 2006/14 to reflect changes to the operation of Subdivision 115-C of the Income Tax Assessment Act 1997 that were made as a result of Tax Laws Amendment (2011 Measures No. 5) Act 2011.
The changes made by the Addendum will generally apply in relation to the 2010-11 and later income years. |
CR 2012/68 | Income tax: Department of Treasury and Finance (Victoria) and portfolio agencies Voluntary Departure Program 2012‑13 Early Retirement Scheme
| The Addendum amends Class Ruling CR 2012/68 to reflect a variation to extend the time period for eligible employees within two specified groups to express an interest in the early retirement scheme and the time period for when an offer will be made.
The Addendum applies on and from 5 September 2012. |