Notice of Rulings 14 September 2022
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
CR 2022/83
Prospect Resources Limited – return of capital and special dividend
This Ruling sets out the income tax consequences for shareholders of Prospect Resources Limited who received a return of capital and special dividend on 4 August 2022.
This Ruling applies from 1 July 2022 to 30 June 2023.
CR 2022/84
SGH Australia Plus – scrip for scrip roll-over
This Ruling sets out the income tax consequences for holders of units in SGH Australia Plus who exchanged those units for units in SGH High Conviction Fund.
TR 2022/2
Income tax: the games and sports exemption
This Ruling considers whether games and sporting clubs are exempt from income tax under section 50-45 of the Income Tax Assessment Act 1997.
This Ruling applies both before and after its date of issue.
CR 2022/14
Cardno Limited – return of capital and special dividend
This Addendum clarifies the assessability of the special dividend for non‑residents.
This Addendum applies from 23 February 2022.