The ATO on Wed 12.6.2013, issued the following Class Rulings:
- CR 2013/40: Early retirement scheme for Barwon Region Water Corporation. It applies from Wed 12.6.2013 to 1 October 2014. Broadly, the Ruling states that the early retirement scheme to be implemented by Barwon Water is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
- CR 2013/41: GST: the GST treatment of fees and charges imposed by NSW councils in relation to enforcement activities, essential services, provision of information, use of professional and staff time and works. It applies from 1 July 2013. The Ruling addresses the GST treatment of supplies made by councils in relation to enforcement activities, essential services, provision of information, use of professional and staff time and works services for which particular fees and charges are imposed.
- CR 2013/42: Associated Retailers Limited – ARL Equity Notes. It applies from 1 July 2012 to 30 June 2019. Among other things, the Ruling states that the Commissioner will not make a determination under para 204-30(3)(c) of the ITAA 1997 to deny the whole, or any part of any imputation benefits received by a Note Holder in respect of a franked component of a Note Distribution or a Redemption Distribution.
- CR 2013/43: FBT: FitSense Australia Pty Ltd (FitSense) Health Checks, Health Coaching and Health Seminars provided to employer clients of FitSense. It applies from 1 July 2012. The Ruling broadly states that the provision of FitSense Health Checks by a legally qualified nurse will be an exempt benefit under s 58M(1)(c)(ii) of the FBTAA.
- CR 2013/44: Exchange of units in a unit trust for shares in a company: restructure of the Strathearn Group. It applies from 1 July 2013 to 30 June 2014. Generally, the Ruling states that unit holders will be eligible to choose to obtain a CGT roll-over under Subdiv 124-H to disregard any capital gain or loss on the disposal of the units.
- CR 2013/45: The Department of Communities, Child Safety and Disability Services Your Life Your Choice Self-Directed Support: Host Providers and Direct Payments. It applies from 1 January 2013. The Ruling states, among other things, the funds received are not ordinary income and do not form part of a participant’s assessable income under s 6-5 of the ITAA 1997.
- CR 2013/46: Macquarie Group Limited – Macquarie Group Capital Notes. It applies from 1 July 2012 to 30 June 2021. Among other things, the Ruling states that Holders of the notes must include in their assessable income an amount equal to the franking credits attached to the Distribution unless Subdiv 207-D of the ITAA 1997 applies.
[LTN 111, 12/6/13]