Notice of Rulings 31 May 2023 (Cth)

Notice of Rulings 31 May 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 rulings, copies of which can be obtained from ato.gov.au/law

NOTICE OF RULING Ruling number Subject Brief description CR 2023/29 ASC Pty Ltd – early retirement scheme (operational employees) 2023 This Ruling sets out the income tax consequences of an early retirement scheme implemented by ASC Pty Ltd. This Ruling applies from 1 June 2023 to 1 March 2024.

NOTICE OF ADDENDA Ruling number Subject Brief description TD 2012/22 Income tax: for the purposes of paragraph 97(1)(a) of the Income Tax Assessment Act 1936 is a beneficiary's share of the net income of a trust estate worked out by reference to the proportion of the income of the trust estate to which the beneficiary is presently entitled? This Determination is being amended to take account of the decision in Lewski v Commissioner of Taxation [2017] FCAFC 145. This Addendum applies from 31 May 2023.