On Wed 15.8.2018, the ATO issued Product Ruling PR 2018/8 about:

  •  participation in an Enova Solar Garden Project, as a Solar Gardener, by a customer of Enova Energy Pty Ltd (Enova Retail), including the receipt of a credit on the cost of electricity supplied to the Solar Gardener over the term of the Enova Project in consideration for a payment made at the commencement.
  • A key part of the ruling was that the electricity credit was NOT assessable as income and the payment was NOT deductible.
  • The ruling applies from 15 August 2018 until 30 June 2021.

FJM 29.8.18

[LTN 156, 15.8.19; Tax Month – August 2018]

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