Notice of Rulings 30 March 2022 (Cth)

Notice of Rulings 30 March 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 2022/29 NPP Australia Limited – scrip for scrip roll‑over This Ruling sets out the income tax consequences for Australian-resident holders of redeemable preference shares in NPP Australia Limited in relation to the acquisition of those shares by Australian Payments Plus Ltd. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2022/30 BPAY Group Holding Pty Ltd – scrip for scrip roll‑over This Ruling sets out the income tax consequences for Australian-resident holders of ordinary shares in BPAY Group Holding Pty Ltd in relation to the acquisition of those shares by Australian Payments Plus Ltd. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2022/31 Swick Mining Services Ltd – in specie distribution of Orexplore Technologies Limited shares This Ruling sets out the income tax consequences of the in specie distribution of Orexplore Technologies Limited shares issued to Swick Mining Services Ltd shareholders on 7 January 2022. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2022/32 Victorian Department of Health – early retirement scheme 2022–2023 This Ruling sets out the income tax consequences of an early retirement scheme implemented by the Victorian Department of Health. This Ruling applies from 31 March 2022 to 30 June 2023. CR 2022/33 Magmatic Resources Limited – return of capital by distribution of shares in Australian Gold and Copper Ltd This Ruling sets out the income tax consequences of the reduction of share capital by Magmatic Resources Limited which was satisfied by the transfer of shares in Australian Gold and Copper Ltd to Magmatic Resources Limited shareholders on 31 December 2020. This Ruling applies from 1 July 2020 to 30 June 2021.