Notice of Rulings and Withdrawal of Rulings 24 April 2024 (Cth)

Notice of Rulings and Withdrawal of Rulings 24 April 2024 The Commissioner of Taxation, Rob Heferen, 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 pubic rulings, copies of which can be obtained from ato.gov.au/law

NOTICE OF RULINGS Ruling number Subject Brief description CR 2024/27 Insurance Australia Group Limited – IAG Capital Notes 3 This Ruling sets out the income tax consequences for entities who subscribed for and acquired Insurance Australia Group Limited Capital Notes 3 issued by Insurance Australia Group Limited. This Ruling applies to investors specified in the Ruling from 1 July 2023 to 30 June 2034.

NOTICE OF ADDENDA Ruling number Subject Brief description TR 2020/1 Income tax: employees: deductions for work expenses under section 8-1 of the Income Tax Assessment Act 1997 This Addendum amends Taxation Ruling TR 2020/1 to update the references to TR 98/9 which is now withdrawn. This Addendum applies from 21 February 2024. TR 2021/1 Income tax: when are deductions allowed for employees' transport expenses? This Addendum amends Taxation Ruling TR 2021/1 to update the references to TR 98/9 which is now withdrawn. This Addendum applies from 21 February 2024. TR 2021/4 Income tax and fringe benefits tax: employees: This Addendum amends Taxation Ruling TR 2021/4 to update the references to TR 98/9 which is now withdrawn. * accommodation and food and drink expenses This Addendum applies from 21 February 2024. * travel allowances, and * living-away-from-home allowances