On Wednesday 18.5.15, the ATO issued the following Class Rulings:
- CR 2016/29: FBT: employer clients of Community Sector Banking Pty Ltd who are subject to the provisions of either s57A (exempt benefits for PBI’s, hospitals etc.) or s65J (about rebatable employers) of the FBTAA that make use of a B-Entertained MasterCard debit card facility. It applies from 1 April 2016 to 31 March 2020.
- CR 2016/30: Application of the ‘scrip for scrip roll-over’ or ‘Replacement shares’ provisions (Sub-div 124-M of the Income Tax Assessment Act 1997) to the acquisition of Recall Holdings Limited by Iron Mountain Incorporated. It applies from 1 July 2015 to 30 June 2016.
[LTN 94, 18/5/16]