Notice of Rulings 9 August 2023 (Cth)

Notice of Rulings 9 August 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 CR 2023/44 Tulla Resources Plc – demerger and scrip for scrip roll-over This Ruling sets out the income tax consequences for shareholders of Tulla Resources Plc (Tulla) of the demerger of Phoenix Industrial Minerals Pty Ltd by Tulla which was implemented on 23 June 2023 and the scheme of arrangement between Tulla and Pantoro Limited which was implemented on 30 June 2023. This Ruling applies from 1 July 2022 to 30 June 2023. PR 2023/14 National Australia Bank Tailored Equity Solutions Facility This Ruling sets out certain tax consequences of procuring a protected equity loan or linked loan, as defined in the Ruling, for the participants identified in the Ruling. This Ruling applies prospectively from 9 August 2023 to 30 June 2026, to the specified entities that enter into the scheme during that period.

NOTICE OF ADDENDUM Ruling number Subject Brief description PR 2020/12 Income tax: taxation consequences for a customer entering into a Rural Products Prepayment Program with Elders Rural Services Australia Limited This Addendum amends Product Ruling PR 2020/12 to expand the class of entities that rely on it by including entities covered by subsection 82KZM(1A) of the Income Tax Assessment Act 1936. This Addendum applies before and after its date of issue.