TIB - September 1999

Legislation and determinations

• Portable toilets – draft general depreciation determination
• Accrual determinations – fee setting

Interpretation statements

• Exclusion from the term “dividends” – whether distribution made in lieu of dividends’ payment

Binding rulings

• Car parks provided by employers – Fringe benefit tax exemption: BR Pub 99/6
• Product ruling – BR Prd 99/9

Legal decisions – case notes

• Whether GST payable by a company in liquidation on recovery of voidable transactions
• Whether late payment charge on insurance premiums is interest income or premium income
• Whether objectors an unincorporated body for the purposes of GST registration

Standard practice statements

• Temporary shortfall – permanent reversal INV-231
• Remission of penalties and interest RDC 2.1

Questions we’ve been asked

• Bankrupt’s ability to carry forward accumulated losses