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Notice of Rulings 27 January 2021

Authoritative Version
This instrument gives notice of public rulings CR 2021/6, CR 2021/7 and CR 2021/8 and notice of addenda of public rulings PR 2018/4, PR 2019/3 and CR 2020/71.
Administered by: Treasury
Registered 27 Jan 2021

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Notice of Rulings 27 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 2021/6

National Australia Bank Limited – NAB Capital Notes 5

This Ruling sets out the income tax consequences for entities who subscribe for and acquire NAB Capital Notes 5 issued by National Australia Bank.

This Ruling applies from 1 July 2020 to 30 June 2031.

CR 2021/7

Westpac Banking Corporation – Westpac Capital Notes 7

This Ruling sets out the income tax consequences for entities who subscribed for and received Westpac Capital Notes 7 issued by Westpac Banking Corporation.

This Ruling applies from 1 July 2020 to 30 June 2030.

CR 2021/8

Australian Unity Limited – mutual capital instruments

This Ruling sets out the way in which the income tax provisions apply to investors who subscribe for and acquire mutual capital instruments issued by Australian Unity Limited.

This Ruling applies from 1 July 2020 to 30 June 2030.

 

NOTICE OF ADDENDA

Ruling number

Subject

Brief description

PR 2018/4

Income tax:  taxation consequences of changing the portfolio structure, contributing to and partially redeeming an investment in a unit in the Perpetual WealthFocus Investment Advantage Fund

This Ruling has been amended to incorporate new scheme documents.

This Addendum applies before and after its date of issue.

PR 2019/3

Income tax:  taxation consequences for a Customer entering into a Prepay Plus Agreement with Landmark

This Ruling has been amended to allow additional entities to offer the product.

This Addendum applies before and after its date of issue.

CR 2020/71

The University of Melbourne – early retirement scheme 2020

This Ruling has been amended to reflect a minor change in the scheme.

This Addendum applies from 26 November 2020.