NOTICE OF RULINGS

Ruling Number

Subject

Brief Description

CR 2015/24

Income tax:  Calliden Group Limited Scheme of Arrangement and Special Dividend

The Ruling sets out the Commissioner’s position for ordinary shareholders of Calliden Group Limited.

The Ruling applies from 1 July 2014 to 30 June 2015.

CR 2015/25

Income tax:  Calliden Group Limited Scheme of Arrangement - Special Dividend - Participants of the Calliden Group Limited Incentive Rights Plan

The Ruling sets out the Commissioner’s position for all employees of Calliden or its wholly owned subsidiaries.

The Ruling applies from 1 July 2014 to 30 June 2015.

PR 2015/3

Income tax:  deductibility of interest in relation to investment in units in the Macquarie Flexi 100 Trust issued on or before 30 June 2018 – Flexi Professional

The Ruling sets out the Commissioner’s position on investment in the Macquarie Flexi 100 Trust using a limited recourse loan made by Macquarie Specialist Investments Lending Limited and the grant of put options over the investment by the Loan Provider.

The Ruling applies prospectively from 1 April 2015, the date it is published.

NOTICE OF ADDENDA

Ruling Number

Subject

Brief Description

MT 2008/1

Penalty relating to statements:   meaning of reasonable care, recklessness and intentional disregard

The Addendum amends Miscellaneous Taxation Ruling MT 2008/01 to take into account:

• the withdrawal of Law Administration Practice Statement PS LA 2006/2 and its replacement with Law Administration Practice Statements PS LA 2012/4 and 2012/5
• that the administrative penalty contained in Division 284 of Schedule 1 to the Taxation Administration Act 1953 applies in relation to Petroleum Resource Rent Tax matters, and
• the repeal of the Minerals Resource Rent Tax (MRRT).

 The Addendum applies on and from 1 October 2014.

MT 2008/2

Shortfall penalties:  administrative penalty for taking a position that is not reasonably arguable

The Addendum amends Miscellaneous Taxation Ruling MT 2008/02 to take into account:

• the withdrawal of Law Administration Practice Statement PS LA 2006/2 and its replacement with Law Administration Practice Statements PS LA 2012/4 and 2012/5, and
• the repeal of the Minerals Resource Rent Tax (MRRT).

The Addendum applies on and from 1 October 2014.

MT 2011/1

Miscellaneous taxes:  application of penalties and interest charges to the Commonwealth, States, Northern Territory and Australian Capital Territory

The Addendum amends Miscellaneous Taxation Ruling MT 2011/1 to take into account:

• the withdrawal of Law Administration Practice Statement PS LA 2006/2 and its replacement with Law Administration Practice Statements PS LA 2012/4 and 2012/5
• that the administrative penalty contained in Division 284 of Schedule 1 to the Taxation Administration Act 1953 applies in relation to Petroleum Resource Rent Tax matters, and
• the repeal of the Minerals Resource Rent Tax (MRRT).

The Addendum applies on and from 1 October 2014.

MT 2012/3

Administrative penalties:  voluntary disclosures

The Addendum amends Miscellaneous Taxation Ruling MT 2012/3 to take into account:

• the withdrawal of Law Administration Practice Statement PS LA 2006/2 and its replacement with Law Administration Practice Statements PS LA 2012/4 and 2012/5.
• the repeal of the Minerals Resource Rent Tax (MRRT).

The Addendum applies on and from 1 October 2014.