The ATO on Wed 22.1.2014, released the following Class Rulings:

  • CR 2014/6: The GST treatment of fees and charges imposed by NSW Councils in relation to matters involving administration, animals, approvals/permits, health, impounding and pest control. It applies from 1 July 2013 to all entities who entered into the scheme as described during the term of the Ruling. Broadly, the Ruling addresses the GST treatment of certain supplies made by Councils including credit card usage fees, animal micro chipping fees, and application fees.
  • CR 2014/7: Payments assigned to representative public dentists under the Child Dental Benefits Schedule. It applies from 1 January 2014. Among other things, the Ruling states that the dental benefits assigned by a patient to a representative public dentist is income according to ordinary concepts and is assessable under s 6-5 of the ITAA 1997 (excluding any GST).
  • CR 2014/8: Demerger of McAleese Limited by TTG Pty Ltd. It applies from 1 July 2013 to 30 June 2014. The Ruling broadly states that shareholders can choose [a] demerger roll-over under s 125-55(1) of the ITAA 1997 to disregard any capital gain when CGT event G1 occurred in relation to their shares. [G1 happens when you receive a non-assessable capital amount for your shares under s104-135 of the ITAA 1997.]
  • CR 2014/9: Mirvac Group – capital reallocation. It applies from 1 July 2013 to 30 June 2014. The Ruling states that the distribution of trust capital will not be included in a securityholder’s assessable income under s 6-5 of the ITAA 1997 or pursuant to Div 6 of Pt III of the ITAA 1936.

[LTN 14, 22/1/14]