Notice of Rulings and Withdrawal of Rulings 13 December 2023 (Cth)

Notice of Rulings and Withdrawal of Rulings 13 December 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, and under subsection 358-20(1) of Schedule 1 to the Taxation Administration Act 1953 of the withdrawal of the following public ruling, copies of which can be obtained from ato.gov.au/law NOTICE OF RULINGS Ruling number Subject Brief description CR 2023/69 Newcrest Mining Limited – employee share scheme – shares disposed of under scheme of arrangement This Ruling sets out the income tax consequences for employees of Newcrest Mining Limited and its subsidiaries who participated in the Employee Share Acquisition Plan to acquire ordinary shares which were subsequently acquired by Newmont Overseas Holdings Pty Ltd under a Scheme of Arrangement on 6 November 2023. The Ruling applies to shareholders specified in the Ruling from 1 July 2023 to 30 June 2024. CR 2023/70 B&C Hospitality Holdings Pty Ltd – employee share scheme – reducing the minimum holding period This Ruling sets out the income tax consequences for employees of B&C Hospitality Holdings Pty Ltd who were granted options under the Employee Share Option Plan which were subsequently cancelled under a Share Purchase Deed entered into with Valsoft Corporation. The Ruling applies to employees specified in the Ruling from 1 July 2021 to 30 June 2024. CR 2023/71 SILK Laser Australia Limited – scheme of arrangement and special dividend This Ruling sets out the income tax consequences of the special dividend paid by SILK Laser Australia Limited on 28 November 2023 and the scheme of arrangement whereby Australian Pharmaceutical Industries Pty Ltd acquired all the ordinary shares on issue in SILK on 29 November 2023. The Ruling applies to shareholders specified in the Ruling from 1 July 2023 to 30 June 2024. CR 2023/72 St Barbara Limited – return of capital by in specie distribution of ordinary shares in Genesis Minerals Limited This Ruling sets out the income tax consequences for shareholders of St Barbara Limited who received a return of capital on 11 July 2023 by way of an in specie distribution of ordinary shares in Genesis Minerals Limited. This Ruling applies shareholders specified in the Ruling from 1 July 2023 to 30 June 2024. PR 2023/26 Luxury Escapes Business Traveller Program This Ruling sets out the fringe benefits tax and income tax consequences for an employer that enters into the Luxury Escapes Business Traveller Program offered by Luxury Escapes Business Traveller Pty Ltd. The Ruling applies to employers specified in the Ruling from 13 December 2023 until 30 June 2026.