Class Ruling

CR 2007/36A1 - Addendum

Income tax: Medal Incentive Funding payments provided by the Australian Olympic Committee

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Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Class Ruling CR 2007/36 to reflect changes to the cessation of scheme. Class Ruling CR 2015/68 has issued to reflect the current scheme.

CR 2007/36 is amended as follows:

1. Table of contents

Omit:

Substitute:

2. Paragraph 7

Omit the paragraph.

3. Paragraphs 8 and 9

Omit the paragraphs; substitute:

8. This Class Ruling applies from 1 July 2006 to 30 June 2014.

9. The Ruling does not apply to taxpayers to the extent that it conflicts with the terms of settlement of a dispute agreed to before the date of issue of the Ruling (see paragraphs 75 to 76 of Taxation Ruling TR 2006/10).

4. Paragraph 13

Before the paragraph; insert:

12A. The scheme described includes specific details about MIF payments for the 2008 Olympic Games and 2010 Olympic Winter Games. MIF payments for the 2012 Olympic Games and the 2014 Olympic Winter Games are made under similar Guidelines.

5. Paragraph 47

Omit:

Substitute:

6. Related Rulings/Determinations

Insert 'TR 2006/10, CR 2015/68'.

7. Legislative references

Omit:

-

Copyright Act 1968

Insert

-

ITAA 1997

8. Case references

Omit:

-

GP International Pipecoaters Pty Ltd v. FC of T (1990) 170 CLR 124; 90 ATC 3238; 21 ATR 1

-

Scott v. FC of T (1935) 35 SR (NSW) 215; (1935) 3 ATD

Substitute:

-

GP International Pipecoaters Pty Ltd v. FC of T (1990) 170 CLR 124; [1990] HCA 25; 90 ATC 4413; (1990) 21 ATR 1

-

Scott v. FC of T (1935) 35 SR (NSW) 215; (1935) 3 ATD 142

This Addendum applies on and from 26 August 2015.

Commissioner of Taxation
26 August 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

References

ATO references:
NO 1-73B4XQ5