Australian Taxation Office
New or updated materials on ATO website, including:
- TR 2015/2: Effective life of depreciating assets from 1 July 2015
- TD 2015/12: Fringe Benefits Tax - when are the duties of the employment of an employee of an employer who is a government body exclusively performed in, or in connection with, a public hospital or a hospital carried on by a society or association that is a rebatable employer?
- Partial withdrawal of TR 2014/7concerning foreign income tax offsets and the source of foreign currency hedging gains
- Class and product rulings, and addendum to ruling, issued yesterday
Progress of Bills
The following Bills progressed in Parliament yesterday:
- Excise Tariff Amendment (Fuel Indexation) Bill 2015 and related Bills, which introduce bi-annual indexation of fuel excise to inflation, were passed by the Senate. The Bills now await Royal Assent.