The ATO on Wed 24.7.2013, released the following Class Rulings:
- CR 2013/54: FBT: employer clients of Mercurien Limited who use the BetterDriver telematics and reporting system for car log book records and for odometer records. It applies from 10 May 2013. Broadly, the Ruling states that the report produced by the system satisfies the definition of “log book records” and “odometer records” under s 136(1) of the FBTAA.
- CR 2013/55: Australia and New Zealand Banking Group Limited – ANZ Capital Notes. It applies from 1 July 2013 to 30 June 2024. Among other things, the Ruling sets out the acquisition time and cost base of the capital notes acquired. It also states that holders of the capital notes will be entitled to a tax offset equal to the franking credit received on any distributions paid.
[LTN 141, 24/7/13]