The ATO logo containing the Federal Government crest and the words Australian Taxation Office.

The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from ato.gov.au/law.

TD 2019/13

Income tax:  what is an ‘employee share trust’?

The Ruling sets out the Commissioner’s position on what an employee share trust is.

The Ruling applies before and after date of issue.

GSTR 2019/1

Goods and services tax:  supply of anything other than goods or real property connected with the indirect tax zone (Australia)

The Ruling sets out the Commissioner’s position when a supply of anything other than goods or real property (an intangible) is connected with the indirect tax zone under the A New Tax System (GST) Act 1999.

The Ruling applies before and after date of issue.

CR 2019/78

Quiktrak GPS tracking system – use for FBT car logbook records and odometer records

The Ruling sets out when the Quiktrak GPS Tracking System can be utilised to reduce the operating costs in both a logbook and non‑logbook year of tax for the purpose of calculating the taxable value of a car fringe benefit using the cost basis method.

The Ruling applies from 1 April 2019.

CR 2019/79

Goulburn-Murray Rural Water Corporation – early retirement scheme 2019

The Ruling sets out tax consequences of an early retirement scheme implemented by the Goulburn-Murray Rural Water Corporation.

The Ruling applies from 11 December 2019.

CR 2019/80

AXA Australia Employers – AXA SA 2019 Classic Plan share offer for Australian employees

The Ruling sets out tax consequences of the AXA SA 2019 Classic Plan share offer to their Australian employees.

The Ruling applies from 1 July 2019.

CR 2019/81

AXA Australia Employers – AXA SA 2019 Leveraged Plan share offer for Australian employees

The Ruling sets out the tax consequences of the AXA SA 2019 Leveraged Plan share offer to their Australian employees.

The Ruling applies from 1 July 2019.

CR 2019/82

Fairbairn Irrigation Network Limited – receipt of shares

The Ruling sets out the income tax consequences for residents of Australia who received ordinary shares in Fairbairn Irrigation Network Limited.

The Ruling applies from 1 July 2018.

CR 2019/83

Pacific Energy Limited – Scheme of Arrangement and Special Dividend

The Ruling sets out the tax consequences for shareholders of Pacific Energy Limited who sold their Pacific shares pursuant to the scheme of arrangement which was initially announced on 24 July 2019.

The Ruling applies from 1 July 2019.

CR 2019/84

Treatment of compensation payments received under the Fisheries Act 1995 (Vic) relating to the removal of commercial net fishing from the Gippsland Lakes

The Ruling sets out the tax consequences of receiving compensation under the Fisheries Act 1995 (Vic) for the cancellation of a Gippsland Lakes Fishery Access Licence.

The Ruling applies from 1 April 2020.

 

TD 2017/26

Income tax:  employee share schemes – when a dividend equivalent payment is assessable to an employee as remuneration

The Addendum amends Taxation Determination TD 2017/26 to clarify its interaction with the employee share trust requirements in subsection 130‑85(4) of the Income Tax Assessment Act 1997 and the associated Taxation Determination TD 2019/13 Income tax:  what is an ‘employee share trust’?

The Addendum applies on and from 1 January 2018.