The ATO on Wed 9.1.2012, issued the following Class Rulings:
- CR 2013/1: The GST treatment of rates and annual charges levied by NSW councils. It applies from 1 July 2013. The Ruling broadly states that the payment of ordinary rates or special variations to ordinary rates is “exempt” from GST under s 81-5(1) of the GST Act.
- CR 2013/2: Assessable income: certain Australian Agency for International Development employees – deployed to Afghanistan to provide official Development Assistance. It applies from 1 July 2011 to foreign earnings derived on or after 1 August 2011. Among other things, the Ruling states that the salary and allowances referred to in the Ruling derived by AusAID employees are ordinary income under s 6-5 of the ITAA 1997.
- CR 2013/3: In specie distribution of units by Global Mining Investments Limited. It applies from 1 July 2012 to 30 June 2013. The Ruling, among other things, states that the in specie distribution is not a dividend as defined in s 6(1) of the ITAA 1936.
[LTN 5, 9/1/13]