18 Nov 10 3 Withdrawals and an Addendum
On 17 November 2010, the ATO withdrew the following with effect from the same day:
- TD 2005/19W Income tax: consolidation: does the phrase "could be recognised in the joining entity's statement of financial position" in s 705-90(2) of ITAA 1997 refer to the application of accounting policies consistent with the established accounting framework in preparing an entity's notional statement of financial position as at the joining time?
- TD 2006/60W Income tax: consolidation: is a deferred tax liability recognised and measured in accordance with AASB 1020 (AAS 3) Income Taxes (the 1999 standard) an accounting liability under s 705-70(1) where the 1999 standard was not adopted for the recognition and measurement of the liability for financial reporting purposes for the period within which the joining time occurred?
- TR 2005/18W Income tax: foreign loss quarantining and foreign tax credit system - taxation of Australian resident individual members of Lloyd's
On 17 November 2010, the ATO issued Addendum TD 93/127A1 (Income tax: trading stock of gold miners: what is the application of s 31(2) of ITAA 1936 to the low grade ore stocks where the notional market selling value is below cost?) The Addendum amends Taxation Determination TD 93/127 to reflect the changes to the law caused by the repeal of inoperative provisions. The Addendum applies on and from 1 July 1997.