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Notice of Rulings 14 July 2021

Authoritative Version
This instrument gives notice of public rulings Class Ruling CR 2021/44 and Product Rulings PR 2021/7 and PR 2021/8. It also gives notice of addendum Taxation Determination TD 93/142 and notice of withdrawal Taxation Determination TD 2015/15.
Administered by: Treasury
Registered 14 Jul 2021

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Notice of Rulings 14 July 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 2021/44

Museums Victoria – early retirement scheme 2021

This Ruling sets out the tax consequences of an early retirement scheme implemented by Museums Board of Victoria.

This Ruling applies from 15 July 2021 to 29 October 2021.

PR 2021/7

Income tax:  tax consequences for a Solar Gardener in a gardener-funded Enova Solar Garden Project

This Ruling sets out the tax consequences for customers of Enova Energy Pty Ltd participating in the gardener-funded Enova Solar Garden Project.

This Ruling applies from 14 July 2021 to 30 June 2024.

PR 2021/8

Income tax:  tax consequences for a Solar Gardener in a philanthropic‑funded Enova Solar Garden Project

This Ruling sets out the tax consequences for customers of Enova Energy Pty Ltd participating in the philanthropic-funded Enova Solar Garden Project.

This Ruling applies from 14 July 2021 to 30 June 2024.

 

NOTICE OF ADDENDUM

Ruling number

Subject

Brief description

TD 93/142

Income tax:  in calculating the residual value of a leased item, may a lower residual value than those outlined in IT 28 be adopted in light of the more generous depreciation rates?

This Ruling has been amended to clarify the operation of the tables, which are used to calculate the minimum residual value of a leased asset, such as a car.

This Addendum applies from 14 July 2021.

 

NOTICE OF WITHDRAWAL

Ruling number

Subject

Brief description

TD 2015/15

Income tax: what is the benchmark interest rate applicable for the year of income that commenced on 1 July 2015 for the purposes of Division 7A of Part III of the Income Tax Assessment Act 1936 and how is it used?

This Ruling is withdrawn effective from 15 July 2021.