Notice of Ruling and Withdrawal of Ruling 1 February 2023 (Cth)

Notice of Ruling and Withdrawal of Ruling 1 February 2023 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 ruling, 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 RULING Ruling number Subject Brief description CR 2023/3 EFTsure Pty Ltd – employee share scheme – minimum holding period and exchange of options This Ruling sets out the income tax consequences for participants in the EFTsure Pty Ltd Employee Option Plan who redeemed all vested options and exchanged all unvested options issued to them under that plan. This Ruling applies from 1 July 2021 to 30 June 2022.

NOTICE OF WITHDRAWAL Ruling number Subject Brief description TD 2019/1 Income tax: what constitutes 'use' (and potentially first use) of a mining, quarrying or prospecting right, that is a depreciating asset, for the purposes of subsection 40-80(1) of the Income Tax Assessment Act 1997? This Ruling is being withdrawn with effect from 2 February 2023.