Vol 9 No 11
Issued
01 Nov 1997

TIB - November 1997

Legislation and determinations

  • Trailers (class TD – over 10 tonnes) – when rented for periods of 1 month or less Depreciation Determination DEP29
  • Schedule of items omitted from depreciation schedule – Depreciation Determination DEP30)
  • Wind turbine generators – draft depreciation determination
  • Copyright in sound recordings – draft depreciation determination

Interpretation guidelines

  • “Sham” – meaning of the term

Binding rulings

  • Importers and GST input tax deductions (BR Pub 97/10)
  • Rural rental property owners – liability to register for GST (BR Pub 97/11)
  • Colonial Mutual Life Assurance Society Ltd’s shares and options for policyholders (BR Prd 97/76) .