Daily Archives: December 31, 2019

LCR 2016/12 – on ‘total superannuation balance’ 2016 reforms – 2019 ‘Addendum’ for LRBA & TRIS changes

On Wed 18.12.2019, the ATO issued an Addendum to Law Companion Ruling LCR 2016/12, its ruling on calculating an individual’s total superannuation balance. See below for a summary of the Addendum. [Tax Month – December 2019]

TR 2019/6 – ‘in Australia’ requirement for DGRs and charities – deductions for gifts, exemption of charity’s income and franking credits for charities (finalised TR 2018/D1)

On 18.12.19, the Commissioner issued Taxation Ruling TR 2019/6, finalising his public position on the meaning of “in Australia” for deductible gift and a similar requirement for charity income tax exemption and franking credit purposes. See below for a summary of this ruling and the relevant law. [Tax Month – December 2019]