The ATO on Wed 28.3.2012, issued the following Class Rulings:
- CR 2012/18: Vermilion Australia Limited Partnership – changes to awards under the Australian Award Incentive Plan. It applies from 2 September 2010 to 30 June 2011. The Ruling broadly states that changes to the incentive plan did not cause the ending of the ownership of an intangible CGT asset, accordingly, CGT even C2 did not occur.
- CR 2012/19: GST: Higher Education Student Services and Amenities Fee. It applies from 1 January 2012. Among other things, the Ruling states where the higher education provider makes a GST-free supply of an education course to a student under s 38-85 of the GST Act, the student services and amenities fee charged is consideration for the GST-free supply of facilities and/or administrative services.
- CR 2012/20: NSW VMOs and eligible health professionals’ participation in the COAG Improving Access to Primary Care in Rural and Remote Areas (s 19(2) Exemptions) Initiative. It applies from 1 July 2012. Broadly, the Ruling states the assignment of Medicare benefits by patients to Visiting Medical Officers (VMOs) and eligible health professionals are ordinary income and assessable under s 6-5 of the ITAA 1997.
- CR 2012/21: Early retirement scheme – Curtin University of Technology. It applies from the date of the Commissioner’s approval to 28 February 2013. The Ruling broadly states that the early retirement scheme to be implemented by Curtin University of Technology is an early retirement scheme for the purposes of s 83-180 of the ITAA 1997.
[LTN 60, 28/3]