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 2016/1 | Income tax: loans from Public and Private Ancillary Funds to AUSiMED Limited | The Ruling sets out the Commissioners position for Private or Public Ancillary Funds, endorsed as a Deductible Gift Recipient under section 30‑120 of the Income Tax Assessment Act 1997, that enter into a Loan Agreement with AUSiMED Limited. The Ruling applies from 1 July 2015 to 30 June 2020. |
CR 2016/2 | Income tax: Hyne & Son Pty Ltd – exchange of shares for stapled securities in Mayflower Enterprises Pty Ltd | The Ruling sets out the Commissioners position for ordinary shareholders of Hyne & Son Pty Ltd who enter into the scheme described within the Ruling. The Ruling applies from 1 July 2015 to 30 June 2016. |
CR 2016/3 | Income tax: Eildon Capital Limited – off‑market share buy‑back | The Ruling sets out the Commissioners position for ordinary shareholders of Eildon Capital Limited (formerly known as CVC Private Equity Limited) who enter into the scheme described within the Ruling. The Ruling applies from 1 July 2015 to 30 June 2016. |
CR 2016/4 | Income tax: CMI Limited – return of share capital | The Ruling sets out the Commissioners position for holders of ordinary shares in CMI Limited who enter into the scheme described within the Ruling. The Ruling applies from 1 July 2015 to 30 June 2016. |
PR 2016/1 | Income tax: TFS Indian Sandalwood Project 2016 Retail Investment Offer | The Ruling sets out the Commissioners position for Growers who enter into the scheme described within the Ruling. The Ruling applies prospectively from 13 January 2016. |
LCG 2015/2 | Section 177DA of the Income Tax Assessment Act 1936: schemes that limit a taxable presence in Australia | The Guideline describes how the Commissioner will apply the law as amended by Schedule 2 to the Tax Laws Amendment (Combating Multinational Tax Avoidance) Act 2015 to entities that rely on this Guideline in good faith. The Ruling applies on and from 11 December 2015. |
LCG 2015/3 | Subdivision 815-E of the Income Tax Assessment Act 1997: Country-by-Country reporting | This Guideline describes how the Commissioner will apply the law as amended by Schedule 4 to the Tax Laws Amendment (Combating Multinational Tax Avoidance) Act 2015 to entities that rely on this Guideline in good faith. The Ruling applies on and from 11 December 2015. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief Description |
PR 2015/2 | Income tax: tax consequences for a borrower being charged a discounted home loan interest rate calculated under Loan Reducer | The Addendum amends Product Ruling PR 2015/2 to reflect an amendment made to the Loan Reducer system. The Addendum applies on and from 25 March 2015. |
NOTICE OF ERRATUM | ||
Ruling Number | Subject | Brief Description |
TR 2011/6 | Income tax: business related capital expenditure – section 40‑880 of the Income Tax Assessment Act 1997 core issues | The Erratum corrects a typographical error within paragraph 119 of TR 2011/6. The Erratum applies on and from 30 November 2011. |