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 2020/32 | Aon Group reorganisation - employee share schemes - treatment of shares or rights | This Ruling sets out the income tax consequences for Australian resident employees of Aon plc who, when the Aon group of companies was reorganised on 1 April 2020, exchanged their entitlement for shares in UK-domiciled Aon plc for shares in Irish-domiciled Aon plc. This Ruling applies from 1 July 2019 to 30 June 2020. |
CR 2020/33 | Living Learning Pty Ltd – loans from public and private ancillary funds | This Ruling sets out the the Commissioner’s view on the application of certain income tax provisions for investors (who are public or private ancillary funds) in the Partnership Addressing Disadvantage Arrangement through loans to Living Learning Pty Ltd. This Ruling applies from 1 July 2020 to 30 September 2027. |
TR 2020/3 | Income tax: effective life of depreciating assets (applicable from 1 July 2020) | This Ruling explains the methodology used by the Commissioner to make a determination of the effective life of depreciating assets under section 40‑100 of the Income Tax Assessment Act 1997. This Ruling applies from 1 July 2020. |
NOTICE OF WITHDRAWAL | ||
Ruling number | Subject | Brief description |
TR 2019/5 | Income tax: effective life of depreciating assets (applicable from 1 July 2019) | This Ruling has been replaced by Taxation Ruling TR 2020/3 Income tax: effective life of depreciating assets (applicable from 1 July 2020). TR 2019/5 is withdrawn from 1 July 2020. |