Notice of Rulings, Notice of Addendum, Notice of Errata

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 2015/11	Income tax: exchange of units in the Bailador Trust for shares in Bailador Technology Investments Limited	The Ruling sets out the Commissioner’s position for holders of ordinary units in the Bailador Trust. The Ruling applies from 1 July 2014 to 30 June 2015.
CR 2015/12	Income tax: restructure of Bailador Siteminder Co‑Investment Trust	The Ruling sets out the Commissioner’s position for holders of ordinary units and sponsor units in the Bailador Siteminder Co‑Investment Trust. The Ruling applies from 1 July 2014 to 30 June 2015.

NOTICE OF ADDENDUM
TD 2007/18	Income tax: consolidation: in applying the statutory cap in section 705-40 (tax cost setting amount for reset cost base assets held on revenue account) of the Income Tax Assessment Act 1997, does the definition of revenue asset in section 977-50 of that Act include any CGT asset, a hypothetical realisation of which would have an amount reflected in the joining entity’s taxable income (disregarding the single entity rule), otherwise than solely as a capital gain or capital loss?	The Addendum amends Taxation Determination TD 2007/18 to omit the reference to Subdivision 124-G of the Income Tax Assessment Act 1997 and to replace it with Division 615 as a result of legislative amendment. The Addendum applies on and from 10 May 2011.

NOTICE OF ADDENDUM

Ruling Number

Subject

Brief Description

TD 2007/18

Income tax: consolidation: in applying the statutory cap in section 705-40 (tax cost setting amount for reset cost base assets held on revenue account) of the Income Tax Assessment Act 1997, does the definition of revenue asset in section 977-50 of that Act include any CGT asset, a hypothetical realisation of which would have an amount reflected in the joining entity’s taxable income (disregarding the single entity rule), otherwise than solely as a capital gain or capital loss?

The Addendum amends Taxation Determination TD 2007/18 to omit the reference to Subdivision 124-G of the Income Tax Assessment Act 1997 and to replace it with Division 615 as a result of legislative amendment.

The Addendum applies on and from 10 May 2011.

NOTICE OF ERRATA
Ruling Number	Subject	Brief Description
CR 2012/32	Goods and services tax: GST treatment of Australian fees and charges imposed by NSW Councils for supplies in relation to building and property development applications and other related permits and approvals	The Erratum corrects referencing errors in Class Ruling CR 2013/32. The Erratum applies on and from 29 May 2013.
CR 2015/10	Income tax: provision of accommodation by Shell Korea Ltd to employees who are residents of Australia for tax purposes	The Erratum corrects the binding status from Appendix 1 onwards of Class Ruling CR 2015/10. The Erratum applies on and from 11 February 2015.

Administered by Department of the Treasury