Notice of Rulings 10 January 2024 (Cth)

Notice of Rulings 10 January 2024 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 RULING Ruling number Subject Brief description CR 2024/1 AFL Players' Association Limited – Education and Training Grant Program This Ruling sets out the income and fringe benefits tax consequences of amounts received by members of the Australian Football League Players' Association under the Education and Training Grant Program. The Ruling applies from 1 November 2022 to 31 December 2027. CR 2024/2 Geotab Australia Pty Ltd – electronic car logbook and odometer record-keeping system This Ruling sets out the fringe benefits tax consequences for users of the Geotab Drive electronic car logbook and odometer record-keeping system. In particular when calculating the taxable value of a car fringe benefit using the operating cost method. The Ruling applies from 1 April 2023 to 31 March 2028.