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 2020/30 | Smartgroup Corporation Ltd and subsidiaries – after-tax recipient's payments made after 31 March but before lodgment of the FBT return | This Ruling sets out the tax consequences for employer clients of Smartgroup Corporation Ltd of recipient’s payments made after the end of the fringe benefits tax (FBT) year, but prior to lodgment of the FBT return. This Ruling applies from 1 April 2020 to 31 March 2024. |
CR 2020/31 | Income tax: AMP Limited – AMP Capital Notes 2 | This Ruling sets out how the relevant income tax provisions apply to specified entities who subscribe for and acquire AMP Capital Notes 2 issued by AMP Limited. This Ruling applies from 1 July 2019 to 30 June 2028. |
PR 2020/7 | Income tax: W.A. Blue Gum Project 2020 | This Ruling sets out the Commissioner’s opinion on the application of relevant provisions for the defined class of entities that enter into the W.A. Blue Gum Project 2020 scheme during its period of application. This Product Ruling applies from 17 June 2020 to 20 June 2030. |
PR 2020/8 | Income tax: tax consequences for a borrower being charged a discounted home loan interest rate calculated under the Blended Plus Loan Facility | This Ruling sets out the Commissioner’s opinion on the application of relevant provisions for the defined class of entities that borrow under the Blended Plus Loan Facility and are charged a discounted home loan interest rate. This Product Ruling applies to entities that enter into the described scheme from 17 June 2020 to 30 June 2023. |
TR 2020/2 | Income tax: deductions for expenditure on environmental protection activities | This Ruling sets out the Commissioner’s view of the provisions in Subdivision 40-H of the Income Tax Assessment Act 1997 dealing with environmental protection activities. This Ruling applies both before and after its date of issue. |
NOTICE OF WITHDRAWAL | ||
Ruling number | Subject | Brief description |
PR 2019/4 | Income tax: Challenger Guaranteed Annuity (Liquid Lifetime) – 2019 | Product Ruling PR 2019/4 is withdrawn with effect from 17 June 2020. |