Notice of Rulings 6 April 2022 (Cth)

Notice of Rulings 6 April 2022

The Acting Commissioner of Taxation, Jeremy Hirschhorn, 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 2022/34 Australia and New Zealand Banking Group Limited – ANZ Capital Notes 7 This Ruling sets out the tax consequences for entities that subscribed for and acquired Australia and New Zealand Banking Group Limited Capital Notes 7 issued by Australia and New Zealand Banking Group Limited. This Ruling applies from 1 July 2021 to 30 June 2032. CR 2022/35 Urban Mobility Pty Ltd – use of an electric bicycle by an employee This Ruling sets out the fringe benefits tax consequences of employers providing their employees with the use of an electric bicycle under a salary packaging arrangement with Urban Mobility Pty Ltd. This Ruling applies from 1 April 2021 to 31 March 2026. CR 2022/36 Eftpos Payments Australia Limited – demutualisation This Ruling sets out the income tax consequences of the demutualisation of Eftpos Payments Australia Limited for specified members. This Ruling applies from 1 July 2021 to 30 June 2022. TD 2022/5 Income tax: aggregated turnover – application of the 'connected with' concept to corporate limited partnerships This Ruling sets out the Commissioner's view on the application of the 'connected with' concept in section 328-125 of the Income Tax Assessment Act 1997 to corporate limited partnerships. This Ruling applies both before and after its date of issue. TD 2022/6 Income tax: aggregated turnover – application of the public entity exception to the indirect control test This Ruling sets out the Commissioner's view on the application of the public entity exception to the indirect control test in subsection 328-125(7) of the Income Tax Assessment Act 1997. This Ruling applies both before and after its date of issue. TD 2022/7 Income tax: aggregated turnover – application of the 'connected with' concept to partnerships, foreign hybrids and non-entity joint ventures This Ruling sets out the Commissioner's view on the application of the 'connected with' concept in section 328-125 of the Income Tax Assessment Act 1997 to partnerships, foreign hybrids and non-entity joint ventures. This Ruling applies both before and after its date of issue.