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The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from ato.gov.au/law.

CR 2020/47

The Hans Pearson v State of Queensland: Applicant’s Settlement Distribution Scheme – distribution received from the Settlement Sum

This Ruling sets out the tax consequences for individuals who receive a distribution from the settlement sum under The Hans Pearson v State of Queensland: Applicant’s Settlement Distribution Scheme.

This Ruling applies from 1 July 2019 to 30 June 2021.

 

PR 2020/4

Income tax:  taxation consequences for a borrower being charged an ‘Indexed Rate’ of interest under a home loan

This Addendum amends PR 2020/4 to reflect a change in the entity involved in the administration of the scheme.

This Addendum applies before and after its date of issue.