TIB - September 2019

New legislation

• Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Act 2019
• Social Assistance Legislation (Budget 2019 Welfare Package) Amendment Act 2019

Binding ruling

BR Pub 19/03: Income tax – employer issued crypto-assets provided to an employee

Operational position

Commissioner’s Operational Position - New section HC 27(6) – treatment of a beneficiary as a settlor in certain circumstances

Legal decisions – case notes

High Court considers whether a geothermal turbine hall is a building for depreciation purposes under the Income Tax Act 2007