Notice of Rulings 7 September 2022 (Cth)

Notice of Rulings 7 September 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 2022/80 Metals X Limited – return of capital by distribution of shares in NICO Resources Limited This Ruling sets out the income tax consequences of the reduction of share capital by Metals X Limited which was satisfied by the transfer of shares in NICO Resources Limited to the shareholders of Metals X Limited on 13 January 2022. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2022/81 Victoria Police – early retirement scheme 2022–2023 This Ruling sets out the income tax consequences of an early retirement scheme implemented by Victoria Police. This Ruling applies from 8 September 2022 to 30 June 2023. CR 2022/82 Australian Construction Industry Redundancy Trust – employer contributions This Ruling sets out the fringe benefits tax consequences for employers who make contributions to the Australian Construction Industry Redundancy Trust for employees who are members of that Trust. This Ruling applies from 1 April 2022 to 31 March 2027.

NOTICE OF ERRATUM Ruling number Subject Brief description CR 2022/35 Urban Mobility Pty Ltd – use of an electric bicycle by an employee This Ruling corrects the period of transfer on lease payment liabilities. This Erratum applies from 6 April 2022.