Notice of Rulings 18 September 2024 (Cth)

Notice of Rulings 18 September 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, copies of which can be obtained from ato.gov.au/law

NOTICE OF RULINGS Ruling number Subject Brief description CR 2024/56 Alumina Limited – scheme of arrangement This Ruling sets out the income tax consequences for holders of ordinary shares in Alumina Limited who disposed of those shares to AAC Investments Australia 2 Pty Ltd on 1 August 2024. This Ruling applies from 1 July 2024 to 30 June 2025. CR 2024/57 Macquarie Group Limited – Macquarie Capital Notes 7 This Ruling sets out the income tax consequences for entities who subscribed for and acquired Macquarie Capital Notes 7 issued by Macquarie Group Limited. This Ruling applies from 1 July 2024 to 30 June 2035. CR 2024/58 QV Equities Limited – scheme of arrangement This Ruling sets out the income tax consequences for shareholders in QV Equities Limited in relation to the scheme of arrangement where, in exchange for their shares, they received cash, or shares in WAM Leaders Limited, or both, on 15 July 2024. This Ruling applies from 1 July 2024 to 30 June 2025. CR 2024/59 Smartgroup Corporation Ltd and subsidiaries – after tax recipient's payments made after 31 March but before lodgment of the FBT return This Ruling sets out the fringe benefits tax consequences for employer clients of Smartgroup Corporation Ltd, of 'recipient's payments' made after the end of the FBT year, but prior to lodgment of the FBT return. This Ruling applies from 1 April 2024 to 31 March 2028.