Notice of Rulings 23 August 2023 (Cth)

Notice of Rulings 23 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 2023/45 Western Australian Debating League Incorporated – payments to League Members This Ruling sets out tax consequences of payments made by Western Australian Debating League Incorporated to League Members. This Ruling applies from 1 July 2022 to 30 June 2024. CR 2023/46 MetalsTech Limited – return of capital by way of in specie distribution This Ruling sets out the income tax consequences for the holders of ordinary shares in MetalsTech Limited in relation to the in specie distribution of shares in Winsome Resources Limited on 15 November 2021. This Ruling applies from 1 July 2021 to 30 June 2022. PR 2023/15 Challenger Guaranteed Annuity (Floating Rate Fixed Term) This Ruling sets out the income tax consequences for entities who invest in the Challenger Guaranteed Annuity (Floating Rate Fixed Term) issued by Challenger Life Company Limited and offered under a Product Disclosure Statement dated 12 March 2021. This Ruling applies from 1 July 2023 to specified entities in relation to Annuities purchased from 1 July 2023 until 30 June 2026. LCTD 2023/1 Luxury car tax: how to determine the principal purpose of a vehicle This Determination explains how to determine the principal purpose of a car for the purposes of the A New Tax (Luxury Car Tax) Act 1999.This Determination applies both before and after its date of issue.