Notice of Rulings, Notice of Erratum

FTR 2012/1

Fuel tax:  fuel tax credits for taxable fuel acquired or manufactured in, or imported into, Australia for use in carrying on an enterprise involving ‘agriculture’ as defined in section 43-15 of the Fuel Tax Act 2006

This Ruling explains an entity’s entitlement to a fuel tax credit under the Fuel Tax Act 2006 (FT Act) for taxable fuel it acquires or manufactures in, or imports into, Australia in relation to enterprise activities that are within the meaning of ‘agriculture’ in Subdivision 43-B of the FT Act.

This Ruling applies from 1 July 2012.

FTR 2012/2

Fuel tax:  fuel tax credits for taxable fuel acquired or manufactured in, or imported into, Australia for use in carrying on an enterprise involving ‘forestry’ as defined in section 43-75 of the Fuel Tax Act 2006

This Ruling explains an entity’s entitlement to a fuel tax credit under the FT Act for taxable fuel it acquires or manufactures in, or imports into, Australia in relation to enterprise activities that are within the meaning of ‘forestry’ in section 43-75 of the FT Act.

This Ruling applies from 1 July 2012

FTR 2012/3

Fuel tax:  fuel tax credits for taxable fuel acquired or manufactured in, or imported into, Australia for use in carrying on an enterprise involving ‘fishing operations’ as defined in section 43-70 of the Fuel Tax Act 2006

This Ruling explains an entity’s entitlement to a fuel tax credit with a nil carbon reduction amount under the FT Act for taxable fuel it acquires or manufactures in, or imports into, Australia in relation to enterprise activities that are within the meaning of ‘fishing operations’ in section 43-70 of the FT Act.

This Ruling applies from 1 July 2012.

CR 2012/84

Fringe benefits tax:  employer contributions to the Australian Construction Industry Redundancy Trust (ACIRT)

This Ruling outlines the tax consequences for those employers who make a contribution to the ACIRT, for an employee who is a member of ACIRT.

This Ruling applies from 1 April 2012 to 31 March 2017.

CR 2012/85

Income tax:  early retirement scheme – OneSteel Wire Pty Limited

This Ruling outlines the tax consequences for those employees of OneSteel Wire Pty Limited who work in the operations at Newcastle Wiremill who receive a payment under the scheme described in paragraphs 14 to 15 of the Ruling.

This Ruling applies on and from 3 October 2012 to 31 December 2012.

CR 2012/86

Fringe benefits tax:  employer clients of Baptist Financial Services Australia who are subject to the provisions of section 57, section 57A or section 65J of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) and who make use of the BFS Visa Prepaid PayCard facility

This Ruling outlines the tax consequences for those employers who are subject to the provisions of section 57, section 57A or section 65J of the FBTAA and who make use of the BFS Visa Prepaid PayCard (Paycard) facility.

This Ruling applies from 1 April 2011.

CR 2012/87

Income tax: early retirement scheme – Centennial Park Cemetery Authority.

This Ruling outlines the tax consequences for those employees who are within the Infrastructure and Grounds Maintenance area of the Centennial Park Cemetery Authority who are employed in a Horticulturalist position and are over 45 years of age.

This Ruling applies from the date of the Commissioner’s approval to 30 June 2013.

CR 2012/88

Income tax:  Little World Beverages Limited (LWB) Scheme of Arrangement and Special Dividend.

This Ruling outlines the tax consequences for shareholders of LWB other than Anglo-Gaelic Investments Pty Ltd.

This Ruling applies from 1 July 2012 to 30 June 2013

CR 2012/89

Income tax:  Parks Victoria Voluntary Departure Program 2012 13 Early Retirement Scheme.

This Ruling outlines the tax consequences for those employees of Parks Victoria, shown at paragraph 15, who receive a payment under the scheme described in paragraphs 9 to 39 of this Ruling.

This Ruling applies from 10 October 2012 to 30 June 2013