Taxation Determination TD 2000/2







This Taxation Determination is a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and is legally binding on the Commissioner. Taxation Rulings TR 92/1 and TR 97/16 together explain when a Determination is a public ruling and how it is legally binding on the Commissioner. | This determination applies to years commencing both before and after its date of issue. However, this Determination does not apply to taxpayers to the extent that it conflicts with the terms of settlement of a dispute agreed to before the date of the Determination (see paragraphs 21 and 22 of Taxation Ruling TR 92/20). | 1. No. Subdivision 130-A of the Income Tax Assessment Act 1997 ('the 1997 Act') deals specifically with the treatment of bonus shares. It applies rather than section 104-135. | Note: 2. This Taxation Determination rewrites and replaces Taxation Determination TD 32. There is no material change in this Taxation Determination to the views expressed in TD 32 apart from updating it with the rewritten income tax law in the 1997 Act and with recent Corporations Law changes. | 3. Subdivision 130-A and section 104-135 of the 1997 Act, to which this Determination refers, express the same ideas, respectively, as Divisions 8 and 8A and section 160ZL of the Income Tax Assessment Act 1936 . | Commissioner of Taxation 19 January 2000 | Previously issued as TD 1999/D45


Related rulings: TD 32
Legislative references: ITAA 1997 Subdivision 130-A ITAA 1997 104-135 ITAA 1936 Division 8 ITAA 1936 Division 8A
Subject references: bonus shares CGT event G1 payment share capital account shares