Excise Ruling ER 2023/1A1







Addendum: This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953 . It amends Excise Ruling ER 2023/1 to: | ER 2023/1 is amended as follows: | 1. Paragraphs 11 and 12: Omit 'decision making'; substitute 'decision-making'. | 3. Paragraph 29: At the end of the paragraph, insert ' The shareholdings of the 2 entities are shown in Diagram 4 of this Ruling .'. | 4. Paragraph 30: Omit the wording of the paragraph; substitute: | This Ruling applies both before and after its date of issue. | 5. Paragraph 31: After 'up to a maximum of $350,000 each financial year.', insert 'From 1 July 2026, the maximum amount increased to $400,000.'. | 6. Paragraph 35: Omit 'and notably'; substitute 'and, notably,'. | This Addendum applies from 1 July 2026. | Commissioner of Taxation 15 July 2026