TIB - June 2002

New legislation

• Deemed rate of return for foreign investment fund rules
• Fringe-benefit tax: prescribed rate of interest on low-interest, employment-related loans

Legislation and Determinations

• National Average Market Values of Specified Livestock Determination 2002
• Prints (including Limited Edition prints), Paintings, and Drawings
• Draft General Depreciation Determination

Legal decisions – case notes

• GST on services provided to international students
• GST refund payable to struck-off company
• GST payable to Mortgagee ahead of Commissioner