Notice of Rulings 24 November 2021 (Cth)

Notice of Rulings 24 November 2021 The Commissioner of Taxation, Chris Jordan, gives notice by notifiable instrument under subsection 358-5(4) of Schedule 1 to the Taxation Administration Act 1953 of the following public rulings, copies of which can be obtained from ato.gov.au/law

NOTICE OF RULINGS Ruling number Subject Brief description CR 2021/79 Woolworths Group Limited – off‑market share buy‑back This Ruling sets out the income tax consequences for shareholders of Woolworths Group Limited who participated in the off‑market share buy‑back that was announced on 26 August 2021. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2021/80 Two10degrees Pty Ltd – use of Global Alerting Platform In-Vehicle Management System for fuel tax credits This Ruling sets out when reports generated by the Global Alerting Platform In‑Vehicle Management System can be used for record‑keeping purposes for fuel tax credit purposes. This Ruling applies from 1 November 2021 to 31 December 2022. CR 2021/81 Liontown Resources Limited – demerger of Minerals 260 Limited This Ruling sets out the income tax consequences of the demerger of Minerals 260 Limited by Liontown Resources Limited, which was implemented on 4 October 2021 This Ruling applies from 1 July 2021 to 30 June 2022. CR 2021/82 Youfoodz Holdings Limited – employee share scheme – shares disposed of under scheme of arrangement This Ruling sets out the income tax consequences for employees of Youfoodz Holdings Limited who acquired ordinary shares which were subsequently disposed of pursuant to the scheme of arrangement on 27 October 2021. This Ruling applies from 1 July 2021 to 30 June 2022. PR 2021/15 Tax consequences for a customer entering into a Prepay Plus Agreement with Nutrien Ag Solutions Limited This Ruling sets out the income tax consequences of a prepayment by a customer, under an agreement offered by Nutrien Ag Solutions Limited, to purchase goods and/or services to be used by the customer in their business. This Ruling applies from 1 July 2021 to 30 June 2024.