The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief description |
CR 2019/56 | Legend Corporation Limited – scheme of arrangement and special dividend | This Ruling sets out the tax consequences of a special dividend paid and the scheme of arrangement implemented by Legend Corporation Limited on 30 August 2019. The Ruling applies from 1 July 2019 to 30 June 2020. |
CR 2019/57 | Ozinca Australia Pty Ltd – scrip for scrip rollover | This Ruling sets out the tax consequences for shareholders in Ozinca Australia Pty Ltd who exchanged their shares for shares in Oakdale on 18 March 2019. The Ruling applies to the income year in which CGT event A1 occurred for the entities affected. |
TR 2019/4 | Income tax: capital allowances: expenditure incurred by an entity that collects, processes and provides multi-client seismic data | This Ruling considers how the capital allowance provisions in Division 40 of the Income Tax Assessment Act 1997 apply to the expenditure incurred by an entity which collects and processes seismic data licensed on a non-exclusive basis to multiple clients. The Ruling applies to years of income commencing both before and after its date of issue. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief description |
CR 2015/53 | Income tax and fringe benefits tax: customers of Fleet Complete Australia Pty Ltd who use the Soteria Trip Detail Report and the Soteria Trip Summary Report for their log book records | This Addendum amends Class Ruling CR 2015/53 to reflect a change in the requirement to record the trip data from within a week of the journey to an email system that is activated 48 hours after the journey if the details have not been completed. The Addendum applies on and from 12 July 2019. |