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 2019/62 | Placard Pty Ltd – early retirement scheme 2019 | The Ruling sets out tax consequences of an early retirement scheme implemented by Placard Pty Ltd. The Ruling applies from 9 October 2019 to 30 June 2020. |
CR 2019/63 | Ruralco Holdings Limited – Exempt Employee Share Plan shares disposed of under scheme of arrangement | The Ruling sets out the Commissioner’s opinion on the ending of the ‘minimum holding period’ requirement in subsection 83A‑45(4) of the Income Tax Assessment Act 1997 for shares acquired in the 2017 and 2018 income years under the Ruralco Holdings exempt employee share plan. The Ruling applies from 1 July 2019 to 30 June 2020. |
CR 2019/64 | Ruralco Holdings Limited – Scheme of Arrangement and payment of Special Dividend | The Ruling sets out the tax consequences of the special dividend paid and the scheme of arrangement under which Agrium Australia Pty Ltd acquired 100% of the shares in Ruralco Holdings Limited on 30 September 2019. The Ruling applies from 1 July 2019 to 30 June 2020. |
CR 2019/65 | Fleetcare Pty Ltd telematics product – use for FBT car logbook and odometer records | The Ruling sets out when Fleetcare Pty Ltd Vehicle Telematics Product can be used to reduce the operating costs in both a logbook and non-logbook year of tax for the purposes of calculating the fringe benefits tax taxable value of a car fringe benefit using the cost basis method. The Ruling applies from 1 April 2019 to 31 March 2024. |
CR 2019/66 | Entwined Signage Pty Ltd in-Vehicle Monitoring System – use for car logbook and odometer records | The Ruling sets out when the Entwined Signage Pty Ltd in-Vehicle Monitoring System can be used to reduce the operating costs in both a log book and non‑logbook year of tax for the purposes of calculating the fringe benefits tax taxable value of a car fringe benefit using the cost basis method. The Ruling applies from 1 April 2019 to 31 March 2023. |
NOTICE OF ADDENDUM | ||
Ruling number | Subject | Brief description |
CR 2017/64 | Fuel tax credits: clients of Navman Wireless Australia Pty Ltd who use the FTC Claim Reports information showing litres allocated according to travel generated by FTC Manager as a record for fuel tax credit purposes | The Addendum amends Class Ruling CR 2017/64 to update the description of the scheme. The Addendum applies on and from 1 October 2019. |