Document ID: chunk:federal_register_of_legislation:F2022N00073:body:0:p1
Version: federal_register_of_legislation:F2022N00073
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Character Range: 0–4531

Notice of Rulings 30 March 2022

The Commissioner of Taxation, Chris Jordan, 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 2022/29         NPP Australia Limited – scrip for scrip roll‑over                                                           This Ruling sets out the income tax consequences for Australian-resident holders of redeemable preference shares in NPP Australia Limited in relation to the acquisition of those shares by Australian Payments Plus Ltd.
                                                                                                                               This Ruling applies from 1 July 2021 to 30 June 2022.
CR 2022/30         BPAY Group Holding Pty Ltd – scrip for scrip roll‑over                                                      This Ruling sets out the income tax consequences for Australian-resident holders of ordinary shares in BPAY Group Holding Pty Ltd in relation to the acquisition of those shares by Australian Payments Plus Ltd.
                                                                                                                               This Ruling applies from 1 July 2021 to 30 June 2022.
CR 2022/31         Swick Mining Services Ltd – in specie distribution of Orexplore Technologies Limited shares                 This Ruling sets out the income tax consequences of the in specie distribution of Orexplore Technologies Limited shares issued to Swick Mining Services Ltd shareholders on 7 January 2022.
                                                                                                                               This Ruling applies from 1 July 2021 to 30 June 2022.
CR 2022/32         Victorian Department of Health – early retirement scheme 2022–2023                                          This Ruling sets out the income tax consequences of an early retirement scheme implemented by the Victorian Department of Health.
                                                                                                                               This Ruling applies from 31 March 2022 to 30 June 2023.
CR 2022/33         Magmatic Resources Limited – return of capital by distribution of shares in Australian Gold and Copper Ltd  This Ruling sets out the income tax consequences of the reduction of share capital by Magmatic Resources Limited which was satisfied by the transfer of shares in Australian Gold and Copper Ltd to Magmatic Resources Limited shareholders on 31 December 2020.
                                                                                                                               This Ruling applies from 1 July 2020 to 30 June 2021.

Ruling number  Subject                                                                                                                                                                                                                                                                             Brief description
PR 2022/3      AIA Australia Limited – Priority Protection – income protection insurance cover                                                                                                                                                                                                     This Ruling sets out the tax outcomes for the defined class of entities in relation to certain benefits under an Ordinary Income Protection Plan issued by AIA Australia Limited.
                                                                                                                                                                                                                                                                                                   This Ruling applies to entities that enter into the defined scheme from 1 July 2021 until 30 June 2024.
TD 2022/2      Fringe benefits tax:  reasonable amounts under section 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living away from home allowance fringe benefit for the fringe benefits tax year commencing on 1 April 2022  This Ruling sets out the amounts that the Commissioner considers reasonable,