Notice of Rulings 28 June 2023 (Cth)

Notice of Rulings 28 June 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 RULINGS Ruling number Subject Brief description TD 2023/3 Income tax: what are the reasonable travel and overtime meal allowance expense amounts for the 2023–24 income year? This Determination sets out the reasonable overtime meal expenses, and domestic and overseas travel rates, for the 2023–24 income year. This Determination applies from 1 July 2023 to 30 June 2024. CR 2023/33 Commonwealth Bank of Australia – CommBank PERLS XVI Capital Notes This Ruling sets out the income tax consequences for specified entities who subscribed for and acquired CommBank PERLS XVI Capital Notes issued by the Commonwealth Bank of Australia. This Ruling applies from 1 July 2022 to 30 June 2033. PR 2023/9 KPMG – FTC Automator platform – fuel tax credits This Ruling sets out when reports generated from the FTC Automator platform can be used for fuel tax credit record-keeping purposes. This Ruling applies from 1 January 2023 to 30 June 2024