Notice of Rulings 23 February 2022 (Cth)

Notice of Rulings 23 February 2022 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 2022/13 Paralympics Australia – medal payments This Ruling sets out the income tax consequences of athletes in receipt of 2020 Tokyo Paralympic Medal Payments or 2022 Beijing Winter Paralympic Medal Payments. This Ruling applies from 1 July 2021 to 30 June 2024. CR 2022/14 Cardno Limited – return of capital and special dividend This Ruling sets out income tax consequences for shareholders of Cardno Limited who received the return of capital payment on 22 December 2021. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2022/15 BHP Group Limited – unification of the BHP Group dual listed company structure This Ruling sets out that there are no income tax consequences for shareholders of BHP Group Limited as a result of the unification of Limited and BHP Group Plc's dual listed company structure. This Ruling applies from 1 July 2021 to 30 June 2022, or any substituted accounting period which includes 31 January 2022 AEDT within the period. CR 2022/16 BHP Group Plc – exchange of BHP Group Plc shares for BHP Group Limited shares This Ruling sets out the income tax consequences for shareholders of BHP Group Plc that disposed of their ordinary shares in exchange for ordinary shares in BHP Group Limited as a result of the unification of the BHP Group Limited and BHP Group Plc dual listed company structure. This Ruling applies from 1 July 2021 to 30 June 2022, or any substituted accounting period which includes 31 January 2022 AEDT within the period. CR 2022/17 AusNet Services Ltd – employee share scheme – shares disposed of under scheme of arrangement This Ruling sets out the income tax consequences for employees of AusNet Services Ltd who participated in the AusNet Services General Employee Exempt Share Plan to acquire ordinary shares in AusNet Services, which were subsequently disposed of pursuant to the scheme of arrangement on 16 February 2022. This Ruling applies from 1 July 2018 to 30 June 2022. PR 2022/1 Tax consequences for Australian policyholders of a Kenforth International insurance policy This Ruling sets out the Commissioners opinion on the purchase and holding of an International Insurance Policy issued by Kenforth Life Insurance Limited subject to the International Insurance Policy General Policy Conditions. The Ruling applies to the defined class of entities that enter into the scheme from 1 July 2021 to 30 June 2024. CR 2013/66 Addendum Fringe benefits tax: employers who use the Navman Wireless Australia telematics system for car log book records and for odometer records This Addendum amends Class Ruling CR 2013/66 to reflect enhancements made to the Navman Wireless Australia telematics system which provides customers with an additional option to use a mobile device application to declare the purpose of their journey. The Addendum applies from 23 February 2022.