Notice of Rulings 19 July 2023 (Cth)

Notice of Rulings 19 July 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 PR 2023/12 Challenger Guaranteed Annuity (Short Term) This Ruling sets out the income tax consequences for entities who purchase the Challenger Guaranteed Annuity (Short Term) offered by Challenger Life Company Limited under a Product Disclosure Statement dated 15 May 2023. This Ruling applies from 1 July 2023 to specified entities who purchase an annuity from 1 July 2023 until 30 June 2026. PR 2023/13 UBS Structured Option and Loan Facility This Ruling sets out the income tax consequences for entities that invest in the UBS Structured Option and Loan Facility and issued under the UBS Structured Option and Loan Facility Product Disclosure Statement. This Ruling applies from 1 July 2023 to 30 June 2026. CR 2023/37 Sovereign Metals Limited – demerger of NGX Limited This Ruling sets out the income tax consequences of the demerger of NGX Limited by Sovereign Metals Limited which was implemented on 24 March 2023. This Ruling applies from 1 July 2022 to 30 June 2023. CR 2023/38 Qantas Airways Limited – 2022/23 Qantas Manager Incentive Plan This Ruling sets out the income tax consequences for employees of Qantas Airways Limited and its subsidiaries who participate in the 2022/23 Manager Incentive Plan. This Ruling applies from 1 July 2022 to 30 June 2026. CR 2023/39 Habitat for Humanity Australia – deductibility of donations under a payment direction deed This Ruling sets out the income tax consequences of a landlord paying donation amounts to Habitat for Humanity Australia by way of an executed Payment Direction Deed. This Ruling applies from 1 July 2023.