Notice of Rulings 16 November 2022 (Cth)

Notice of Rulings 16 November 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 2022/103 Telstra Corporation Limited – restructure – employee shares schemes – treatment of shares or rights This Ruling sets out the income tax consequences of the corporate restructure undertaken by Telstra Corporation Limited on 31 October 2022. This Ruling applies from 1 July 2022 to 30 June 2023. CR 2022/104 Telstra Corporation Limited – top hat restructure This Ruling sets out the income tax consequences of the corporate restructure implemented by Telstra Corporation Limited on 31 October 2022 for the former holders of shares in Telstra Corporation Limited. This Ruling applies to the 2022–23 income year. CR 2022/105 Thorn Group Limited – return of capital and share consolidation This Ruling sets out the income tax consequences for Thorn Group Limited shareholders who received the return of share capital payment on 14 October 2022. This Ruling applies from 1 July 2022 to 30 June 2023.