TIB - March 2002

Binding rulings

• Product Ruling – BR Prd 01/35
• Product Ruling – BR Prd 01/36
• Product Ruling – BR Prd 01/37

New legislation – Orders in council

• Student loan scheme – Interest rates for 2002–03
• Fringe benefit tax – prescribed rate of interest on low-interest, employment-related loans
• Tax simplification – reducing compliance costs for non-resident contractors

Legal decisions – case notes

• Tax Avoidance Arrangement: Commissioner of Inland Revenue v R Peterson
• Unclaimed Money: Commissioner of Inland Revenue v Thomas Cook Limited
• Valid Assessment: TRA No 02/01. Decision No 6/2002
• Depreciation of Trademarks: Trustees in the N C Simkin Trust v CIR. Trustees in the C B Simkin Trust
• Lupton versus Cranson line of Authority: TRA No 023/01. Decision No 08/2002