Document ID: chunk:federal_register_of_legislation:F2022N00148:body:0
Version: federal_register_of_legislation:F2022N00148
Segment Type: other
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Character Range: 0–4852

Notice of Rulings and Withdrawal of Rulings 29 June 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, and under subsection 358-20(1) of Schedule 1 to the Taxation Administration Act 1953 of the withdrawal of the following public ruling, copies of which can be obtained from ato.gov.au/law

NOTICE OF RULINGS
Ruling number      Subject                                                                                                                                                                                                                                                               Brief description
TR 2022/1          Income tax:  effective life of depreciating assets (applicable from 1 July 2022)                                                                                                                                                                                      This Ruling explains the methodology used by the Commissioner to make a determination of an effective life of an asset and lists effective life determinations made to date.
                                                                                                                                                                                                                                                                                         This Ruling applies from 1 July 2022.
TD 2022/9          Income tax:  is section 951A of the US Internal Revenue Code a provision of a law of a foreign country that corresponds to sections 456 or 457 of the Income Tax Assessment Act 1936 for the purpose of subsection 832‑130(5) of the Income Tax Assessment Act 1997?  This Ruling provides the ATO's view in relation to whether the United States of America's global intangible low-taxed income rules correspond with either section 456 of 457 in Australia's controlled foreign company regime for the purpose of applying Australia's hybrid mismatch rules.
TD 2022/10         Income tax:  what are the reasonable travel and overtime meal allowances for the 2022–23 income year?                                                                                                                                                                 This Determination sets out the reasonable overtime meal expenses, and domestic and overseas travel rates, for the 2022–23 income year.
                                                                                                                                                                                                                                                                                         This Determination applies from 1 July 2022 to 30 June 2023.
CR 2022/59         Cedar Woods Properties Limited – bonus share plan                                                                                                                                                                                                                     This Ruling sets out the income tax consequences for shareholders of Cedar Woods Properties Limited who elect to receive bonus shares in lieu of dividends under the bonus share plan.
                                                                                                                                                                                                                                                                                         This Ruling applies from 1 July 2022 to 30 June 2027.

NOTICE OF ADDENDUM
Ruling number       Subject                                                                 Brief description
CR 2013/14          Goods and services tax:  goods and services supplied by dentists        This Ruling has been amended to update the list of goods and services in Attachment A.
                                                                                            This Addendum applies from 1 July 2022.
CR 2022/58          Tabcorp Holdings Limited – demerger of The Lottery Corporation Limited  This Ruling has been amended to correct certain amounts.
                                                                                            This Addendum applies from 22 June 2022.

NOTICE OF WITHDRAWALS
Ruling number          Subject                                                                           Brief description
TR 2021/3              Income tax:  effective life of depreciating assets (applicable from 1 July 2021)  This Ruling is withdrawn with effect from 1 July 2022.
TR 2010/3              Income tax:  Division 7A loans: trust entitlements                                This Ruling is withdrawn on and with effect from 1 July 2022.