shopping_cart

Your shopping cart is empty

25 Mar 2021 ATO Rulings

Class Rulings

  • CR 2021/23 EML Payment Solutions Limited use of a living expenses card facility to acquire a stored value prepaid card
  • CR 2021/24 Uber Australia Pty Ltd — promotions received by employees under the Uber Rewards loyalty program and Uber for Business platform
  • CR 2021/25 Blossomvale Holdings Ltd — return of capital

 Product Ruling

  •  PR 2021/1 Income tax: Challenger Guaranteed Annuity (Short Term)

Legislative Instrument

  • F2021L00278 Classes of Electronic Payment System Transactions Exempt From Being Reported in Third Party Reports Determination 2021

The ATO has issued legislative instrument F2021L00278, which applies to administrators of a payment system, within the meaning of the Payment Systems (Regulation) Act 1998.

An administrator of a payment system is not required to provide information to the Commissioner of Taxation under table item 9 in s 396-55 of Schedule 1 to the Taxation Administration Act 1953 (TAA) in relation to a transaction where:

  • the transaction was initiated by another entity;
  • the other entity is required to provide information to the Commissioner of Taxation in relation to the transaction under table item 9 in s 396-55 of Schedule 1 to the TAA; and
  • if the transaction is processed before 1 July 2020, the administrator is an authorised deposit-taking institution, for the purposes of the Banking Act 1959.

Memorandum of Understanding

Matters under consultation

The ATO is consulting with the community on the following new matters:

You can view the full list of consultation matters here.

Advertising

Media Release Search
Keywords
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To