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Notice of Rulings 20 January 2021

Authoritative Version
This instrument gives notice of public rulings Class Ruling CR 2021/3, CR 2021/4 and CR 2021/5.
Administered by: Treasury
Registered 20 Jan 2021

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Notice of Rulings 20 January 2021


The Commissioner of Taxation, Chris Jordan, gives notice by notifiable instrument under subsection 358-5(4) of Schedule 1 to the Taxation Administration Act 1953 of the following public rulings, copies of which can be obtained from ato.gov.au/law

 

NOTICE OF RULINGS

Ruling number

Subject

Brief description

CR 2021/3

Intelematics Australia Pty Limited CONNECT tracking and fleet management solution – use for FBT car logbook and odometer records

This Ruling sets out when Intelematics Australia Pty Limited’s CONNECT tracking and fleet management solution can be utilised to reduce the operating costs in both a logbook and non-logbook year of tax for the purposes of calculating the fringe benefits tax taxable value of a car fringe benefit using the cost basis method.

This Ruling applies from 1 November 2020 to 31 March 2025.

CR 2021/4

PM Capital Global Opportunities Fund Limited – off‑market share buy‑back

This Ruling sets out the tax consequences for Australian-resident shareholders of PM Capital Global Opportunities Fund Limited who participated in the off-market share buy-back that was announced on 13 August 2020.

This Ruling applies from 1 July 2020 to 30 June 2021.

CR 2021/5

PM Capital Asian Opportunities Fund Limited – off-market share buy back

This Ruling sets out the tax consequences for shareholders of PM Capital Asian Opportunities Fund Limited who participated in the off-market share buy-back that was announced on 13 August 2020.

This Ruling applies from 1 July 2020 to 30 June 2021.