COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from http://ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
CR 2017/23 | Income tax: Department of Health (Commonwealth) – Direct Funding Model of the Individual Support Packages sub‑Programme of the Commonwealth Continuity of Support Programme | The Ruling sets out the Commissioner’s position on individuals who enter into agreements to receive direct payments through the Direct Funding model of the Individual Support Packages sub‑programme of the Commonwealth Continuity of Support. The Ruling applies from 1 May 2017 to 31 December 2020. |
CR 2017/24 | Income tax: PRP Investment Trust: redemption of units | The Ruling sets out the Commissioner’s position on the holders of the Class C and Class F units in PRP Investment Trust. The Ruling applies from 1 July 2016 to 30 June 2017. |
CR 2017/25 | Income tax: Challenger Limited: Challenger Capital Notes 2 | The Ruling sets out the Commissioner’s position on investors who are allotted non‑cumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes issued by Challenger Limited, called Challenger Capital Notes 2. The Ruling applies from 1 July 2016 to 30 June 2027. |
LCG 2016/10 | Superannuation reform: capped defined benefit income streams – non‑commutable, lifetime pensions and lifetime annuities | The Guideline describes how the Commissioner will apply the amendments made by the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 to entities that rely on it in good faith. The Ruling applies to the 2017–18 financial year. |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
IT 90 | Life insurance companies: general management expenses | Taxation Ruling IT 90 is withdrawn with effect from 12 April 2017. |
IT 2619 | Income tax: tax liability of professors and teachers visiting Australia from the United Kingdom | Taxation Ruling IT 2619 is withdrawn with effect from 12 April 2017. |
IT 2635 | Income tax: syndicated research and development arrangements | Taxation Ruling IT 2635 is withdrawn with effect from 12 April 2017. |
TD 92/125 | Income tax: Property Development Industry (PDI) Cell: what is the purpose of the PDI Cell? | Taxation Determination TD 92/125 is withdrawn with effect from 12 April 2017. |
TD 92/140 | Income tax: in Division 16D of Part III of the Income Tax Assessment Act 1936, what does effective life mean in applying the tests of a qualifying arrangement to items of second hand property? | Taxation Determination TD 92/140 is withdrawn with effect from 12 April 2017. |
TD 92/193 | Income tax: is the interest component of Household Support repayments, under the States and Northern Territory Grants (Rural Adjustment) Act 1988, an allowable deduction under subsection 51(1) of the Income Tax Assessment Act 1936 (ITAA)? | Taxation Determination TD 92/193 is withdrawn with effect from 12 April 2017. |
TD 93/93 | Income tax: will a section 160AB rebate continue to apply to interest derived from State Bank Victoria Deposit Stock issued before 1 November 1968 if the interest is paid by the Commonwealth Bank of Australia? | Taxation Determination TD 93/93 is withdrawn with effect from 12 April 2017. |
TD 94/45 | Income tax: may the material contained in the 1985, or earlier, ATO Assessing Handbooks be relied on as evidence of ATO’s interpretation, policy or practice in respect of the Income Tax Assessment Act 1936? | Taxation Determination TD 94/45 is withdrawn with effect from 12 April 2017. |
TD 94/81 | Income tax: where an ‘infrastructure facility’ is constructed or acquired by an unincorporated joint venture which is not a general law partnership, what is the nature of each joint venture participant’s interest in that property as to ‘ownership’, ‘use’ and ‘effective control of the use’ thereof for the purposes of paragraph 159GZZZZB(1)(a) of the Income Tax Assessment Act 1936? | Taxation Determination TD 94/81 is withdrawn with effect from 12 April 2017. |
TD 1999/25 | Income tax: interest withholding tax exemption under section 128F of the Income Tax Assessment Act 1936 – what conditions need to be satisfied before a resident company can raise finance by the issue of debentures through a ‘non‑resident borrowing subsidiary’ in another country? | Taxation Determination TD 1999/25 is withdrawn with effect from 12 April 2017. |
TR 2002/1 | Income tax: research and development: plant expenditure (pre 29 January 2001) | Taxation Ruling TR 2002/1 is withdrawn with effect from 12 April 2017. |
TR 2002/6 | Income tax: Simplified Tax System: eligibility – grouping rules (*STS affiliate, control of non fixed trusts) | Taxation Ruling TR 2002/6 is withdrawn with effect from 12 April 2017. |