Notice of Rulings and Withdrawal of Ruling 15 June 2022 (Cth)

Notice of Rulings and Withdrawal of Ruling 15 June 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, and under subsection 358-20(1) of Schedule 1 to the Taxation Administration Act 1953 of the withdrawal of the following public ruling, copies of which can be obtained from ato.gov.au/law NOTICE OF RULINGS Ruling number Subject Brief description CR 2022/52 Espresso Displays Pty Ltd – portable display monitors This Ruling sets out the fringe benefits tax consequences for employers who purchase portable display monitors from Espresso Displays Pty Ltd for their employees' work‑related use. This Ruling applies from 1 April 2021 to 31 March 2025. CR 2022/53 Whitefield Ltd – bonus share plan This Ruling sets out the income tax consequences for Whitefield Ltd shareholders who elected to receive bonus shares in lieu of dividends unde the Whitefield Ltd bonus share plan. This Ruling applies from 1 July 2019 to 30 June 2024. CR 2022/54 Bionics Institute of Australia – loans from public and private ancillary funds This Ruling sets out the income tax consequences for investors (who are public or private ancillary funds) entering into a loan agreement with the Bionics Institute of Australia. This Ruling applies from 15 June 2022 to 30 June 2027. CR 2022/55 Oil Search Limited – scheme of arrangement and scrip for scrip roll‑over This Ruling sets out the income tax consequences for Oil Search Limited shareholders who disposed of their shares to Santos Limited. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2022/56 Tower Limited – capital return This Ruling sets out the income tax consequences for Australian shareholders of Tower Limited who received a payment on 22 March 2022 for cancellation of their ordinary Tower Limited shares under a capital return scheme. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2022/57 PRT Company Limited – distribution of special dividend and return of capital following sale of assets This Ruling sets out the income tax consequences for ordinary shareholders of PRT Company Limited who received a special dividend and a return of capital. This Ruling applies from 1 July 2021 to 30 June 2022. NOTICE OF RULINGS Ruling number Subject Brief description PR 2022/5 Instreet Masti This Ruling sets out the income tax consequences for entities who enter into the Instreet Masti scheme offered by Instreet Structured Investment Pty Ltd from 1 July 2022 to 30 June 2025.