The ATO on Wed 1.5.2013, issued the following Class Rulings:
- CR 2013/25: the GST treatment of certain fees and charges imposed by NSW councils. It applies from 1 July 2013. Broadly, the Ruling sets out the GST treatment of supplies made by the NSW Councils in relation to cemetaries, facilities (eg airports, camping grounds, caravan parks, and civic centres), leases, legal services, libraries, and sale of things for which particular fees and charges are imposed.
- CR 2013/26: Off-market takeover of Adelhill Ltd and Permitted Special Dividend. It applies from 1 July 2012 to 30 June 2013. Among other things, the Ruling states that the special dividend paid to shareholders will constitute a dividend as defined in s 6(1) of the ITAA 1936 and is required to be included as assessable income.
- CR 2013/27: Treatment of transfer payments to employees of Delta Electricity following the sale of certain business divisions to a private sector entity. It applies from Wed 1.5.2013 to 30 June 2014. The Ruling broadly states that the proposed transfer payments are in consequence of termination of employment.
[LTN 81, 1/5/13]