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Notice of Rulings 30 June 2021

Authoritative Version
This instrument gives notice of public rulings TR 2021/3 and TD 2021/6, and notice of withdrawals TR 93/12 and TR 2020/3.
Administered by: Treasury
Registered 30 Jun 2021

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Notice of Rulings 30 June 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

TR 2021/3

Income tax:  effective life of depreciating assets (applicable from 1 July 2021)

This Ruling updates Taxation Ruling TR 2020/3 Income tax:  effective life of depreciating assets (applicable from 1 July 2020) to include new effective lives determined by the Commissioner for depreciating assets used in horse training (racing) and salt-harvesting industries.

This Ruling applies from 1 July 2021.

TD 2021/6

Income tax:  what are the reasonable travel and overtime meal allowance expense amounts for the 2021–22 income year?

This Determination sets out the reasonable overtime meal expenses, and domestic and overseas travel rates, for the 2021–22 income year.

This Determination applies from 1 July 2021 to 30 June 2022.

 

NOTICE OF WITHDRAWALS

Ruling number

Subject

Brief description

TR 93/12

Income tax:  computer software

This Ruling is withdrawn effective from 1 July 2021.

TR 2020/3

Income tax:  effective life of depreciating assets (applicable from 1 July 2020)

This Ruling is withdrawn effective from 1 July 2021.