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Notice of Rulings, Notice of Addenda

  • Gazette - C2018G00055
Administered by: Treasury
Published Date 24 Jan 2018

 

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 2018/4

Income tax:  Australian Government Bond holders electing to exchange bonds for CHESS Depository Interests (CDIs)

The Ruling sets out the Commissioner’s position on holders of Treasury Bonds (TBs) and Treasury Indexed Bonds (TIBs) whose names are directly entered in the inscribed stock ledger governed by the Commonwealth Inscribed Stock Act 1911, and holders of bonds which are deposited electronically in the Austraclear System and held by Austraclear Limited as nominee for the beneficial holder.

This Ruling applies from the income years ended 30 June 2019 to 30 June 2022. The Ruling continues to apply after 30 June 2022 to all entities within the specified class who entered into the specified scheme during the term of the Ruling.

CR 2018/5

Income tax:  scrip for scrip roll-over:  acquisition of units in EQT Emerging Companies Fund by SGH Professional Investor Emerging Companies Trust

The Ruling sets out the Commissioner’s position on investors who hold units in the EQT Emerging Companies Fund (EQT Fund).

This Ruling applies 1 July 2017 to 30 June 2018. The Ruling continues to apply after 30 June 2018 to all entities within the specified class who entered into the specified scheme during the term of the Ruling.

CR 2018/6

Income tax:  Tatts Group Limited Scheme of Arrangement and payment of Special Dividend

The Ruling sets out the Commissioner’s position on investors who are holders of ordinary shares in Tatts Group Limited (Tatts).

This Ruling applies from from 1 July 2017 to 30 June 2018. The Ruling continues to apply after 30 June 2018 to all entities within the specified class who entered into the specified scheme during the term of the Ruling.

TR 2018/1

Petroleum resource rent tax: character of expenditure incurred in relation to abandonment, decommissioning and rehabilitation activities undertaken on a part of a petroleum project

The Ruling sets out the Commissioner’s position on the characterisation of abandonment, decommissioning and rehabilitation expenditure (ADRE) incurred on a part of a petroleum project prior to a project being completely closed down.

This Ruling applies from applies to years of income commencing both before and after its date of issue.

 

NOTICE OF ADDENDA

Ruling Number

Subject

Brief Description

PR 2017/2

Income tax:  deductibility of interest in relation to investment in units in the Macquarie Flexi 100 Trust issued on or before 30 June 2020

This Addendum amends Product Ruling PR 2017/2.

The Addendum applies on and from 5 April 2017