Vol 12 No 4 - April 2000 (Tax Information Bulletin)

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Technical tax area
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Vol 12 No 4 - April 2000

Binding rulings

Commissions received by life agents on own policies and family policies - income tax implications Public Ruling - BR Pub 00/01
Discounts enjoyed by life agents and their families on life policy premiums - fringe benefit tax implications Public Ruling - BR Pub 00/02
Commentary on Public Rulings BR Pub 00/01 and BR Pub 00/02

Legislation and Determinations

New Legislation

Accident Insurance Amendment Act 2000 and the Accident Insurance Transitional Provisions Act 2000

Legal decisions - case notes

Whether subsequent amending assessments supersede earlier ones; whether Authority can consider objections to earlier assessments; whether BASF principle prevents Commissioner issuing further assessments once assessment objected to
Dandelion Investments Limited v CIR)
Whether payment to religious organisation on entering into lease agreement was a consideration subject to GST or a donation
(TRA Number 97/092. Decision Number 9/2000)
Whether Employment Court award for unjustifiable dismissal assessable as monetary remuneration; whether legal expenses deductible
(TRA Number 97/93. Decision Number 11/2000)
Whether Employment Court award for loss of benefit assessable as monetary remuneration; capital payments may be assessable if monetary remuneration
(TRA Number 98/047. Decision Number 10/2000)
Commissioner entitled to priority for GST debts of partnership where partners adjudged bankrupt
(CIR v Official Assignee)

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