Notice of Rulings 2 October 2024 (Cth)

Notice of Rulings 2 October 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 2024/61 Premier1 Lithium Limited – in specie distribution of Tully Investors Limited shares This Ruling sets out the income tax consequences for shareholders of Premier1 Lithium Limited who received an in specie distribution of shares in Tully Investors Limited on 25 January 2024 This Ruling applies to shareholders specified in the Ruling from 1 July 2023 to 30 June 2024. CR 2024/62 FleetPartners Group Limited, FleetPlus Pty Limited and Fleet Partners Pty Limited – employer clients' use of travel smartcard This Ruling sets out the Commissioner of Taxation's opinion on the way in which the relevant provisions defined in this Ruling apply to employers who are clients of FleetPartners Group Limited, FleetPlus Pty Limited, and Fleet Partners Pty Limited (FleetPartners Group) that provide a smartcard to their employees to facilitate travel on buses between the employees' places of residence and their places of employment. This Ruling applies to employers specified in the Ruling from 1 April 2023 to 31 March 2029. LCR 2024/1 The corporate collective investment vehicle regime This Ruling is about amendments made to the taxation law to specify the tax treatment for corporate collective investment vehicles. The amendments were enacted by the Corporate Collective Investment Vehicle Framework and Other Measures Act 2022. This Ruling outlines the operation of the corporate collective investment vehicle regime. This Ruling is effective from 1 July 2022. PR 2024/17 C2 Equity Optimiser This Ruling sets out the income tax consequences for entities that participate as an investor in the scheme referred to as C2 Equity Optimiser – Deferred Purchase Agreement offered by C2 Specialist Investments Pty Ltd and arranged by C2 Financial Services Pty Ltd. This Ruling applies to an investor specified in this Ruling that enters into the scheme on a relevant Issue Date from 2 October 2024 until 30 June 2027.