The ATO Wed 2.7.2014, released the following Class Rulings:
- CR 2014/54: Goodman Group Long Term Incentive Plan. It applies from 1 July 2012. The Ruling broadly states that the rights acquired under the scheme are ESS interests acquired under an employee share scheme and Div 83A of the ITAA 1997 will apply to the interests.
- CR 2014/55: Australian Government Bond holders electing to exchange Bonds for CHESS Depositary Interests (CDIs). It applies from the income years ending 30 June 2014 to 30 June 2018. Among other things, the Ruling states that CGT event H2 will happen when a bondholder chooses to exchange a bond for a CDI.
- CR 2014/56: FBT: corporate clients of Dell Australia Pty Ltd (Dell Australia) who participate in the Dell Australia employee purchase program (EPP). It applies from 1 April 2012. Broadly, the Ruling states that the issue of the discount coupon offers do not give rise to a fringe benefit pursuant to s 136(1) of the FBTAA. It states that the fringe benefit arises at the time the products are purchased.
[LTN 125, 2/7/14]