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 |
TD 2014/13 | Income tax: the application of Article 10.2(a) of the United Kingdom Convention | The Determination is an expression of the Commissioner’s opinion about the application of Article 10.2(a) of the United Kingdom Convention.
The Determination applies to years of income commencing both before and after its date of issue. |
TD 2014/14 | Income tax: are the capital support payments described in this Determination deductible under section 8‑1, section 40‑880, subsection 230‑15(2) or subsection 230‑15(3) of the Income Tax Assessment Act 1997? | The Determination is an expression of the Commissioner’s opinion about capital support payments.
The Determination applies to years of income commencing both before and after its date of issue. |
CR 2014/46 | Income tax: Westpac Banking Corporation – Westpac Capital Notes 2 | The Ruling is an expression of the Commissioners opinion for investors who are allotted non‑cumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes issued by Westpac Banking Corporation called Westpac Capital Notes 2 (WCN 2).
The Ruling applies from 1 July 2013 to 30 June 2025. |
PR 2014/9 | Income tax: tax consequences of investing in the UBS Structured Option and Loan Facility | The Ruling sets out the Commissioner’s opinion about the scheme referred to as UBS Structured Option and Loan Facility.
The Ruling applies prospectively from 4 June 2014, the date it is published. |
PR 2014/10 | Income tax: tax consequences for a customer holding a Home Buy Savings Account and a home loan with the Commonwealth Bank of Australia | The Ruling sets out the Commissioner’s opinion about the scheme referred to as Home Buy Savings Account offered by the Commonwealth Bank of Australia.
The Ruling applies prospectively from 4 June 2014, the date it is published. |
PR 2014/11 | Income tax: W.A. Blue Gum Project 2014
| The ruling sets out the Commissioner’s opinion about entities who participate in the W.A. Blue Gum Project 2014.
The Ruling applies prospectively from 4 June 2014, the date it is published |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
GSTA TPP 009 | Goods and services tax: is an entity that enters into an agreement to make a subsequent supply making two taxable supplies? | Withdrawn with effect from 4 June 2014. |
GSTA TPP 043 | Goods and services tax: is a client’s reimbursement to a lawyer for a payment of a tax, fee or charge (tax) that is not subject to GST consideration for a taxable supply by the lawyer if the lawyer paid the tax as an agent for the client? | Withdrawn with effect from 4 June 2014. |
GSTA TPP 050 | Goods and services tax: does the transfer of assets constitute a taxable supply under Subdivision 72‑A when a new trustee is appointed to replace the original trustee of a trust? | Withdrawn with effect from 4 June 2014. |
GSTA TPP 051 | Goods and services tax: to what extent is an acquisition creditable if an employer uses the 50/50 split method for entertainment fringe benefits? | Withdrawn with effect from 4 June 2014. |
GSTA TPP 062 | Goods and services tax: can a large capital purchase resulting in a net refund of GST in the annual return be ignored for the purposes of the Division 162 instalment option? | Withdrawn with effect from 4 June 2014. |
GSTA TPP 063 | Goods and services tax: is a partner who receives more than $50,000 in profit distributed by the partnership required to be registered for GST? | Withdrawn with effect from 4 June 2014. |