Taxation Ruling

TR 2018/7ER - Erratum

Income tax: employee remuneration trusts

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Erratum

This Erratum is a public ruling for the purposes of the Taxation Administration Act 1953. It corrects minor errors to case references, legislative references and the Detailed contents list in Taxation Ruling TR 2018/7, as appropriate.

TR 2018/7 is corrected as follows:

1. Paragraph 4

Omit footnote 9; substitute:

⁹ Refer to Blank v. Federal Commissioner of Taxation (2016) 258 CLR 439; [2016] HCA 42; (2016) 104 ATR 41.

2. Paragraph 9

(a) In footnote 13, omit both instances of 'Federal'.

(b) Omit footnote 15; substitute:

¹⁵ Refer to Ronpibon Tin NL v. Federal Commissioner of Taxation (1949) 78 CLR 47 at 55-58; [1949] HCA 15 at [9]-[15]; (1949) ATD 431 at 434-436 and Magna Alloys & Research Pty Ltd v. Federal Commissioner of Taxation [1980] FCA 150; 80 ATC 4542 at 4559-4561; (1980) 11 ATR 276 at 294-297.

3. Paragraph 10

Omit footnotes 19, 20 and 21' substitute:

¹⁹ As to the nature of benefits refer to Re Wensemius v. Federal Commissioner of Taxation [2007] AATA 1006 at [97]-[98]; 2007 ATC 2035 at 2051-2052; (2007) 66 ATR 144 at 163-164 (Wensemius).

²⁰ Refer to Re Benstead Services Pty Ltd v. Federal Commissioner of Taxation [2006] AATA 976 at [47]-[52]; 2006 ATC 2511 at 2517-2518; (2006) 64 ATR 1232 at 1240.

²¹ Refer to Essenbourne Pty Ltd v. Federal Commissioner of Taxation [2002] FCA 1577 at [32]; 2002 ATC 5201 at 5208; 51 ATR 629 at 636 (Essenbourne).

4. Paragraph 19

(a) In footnote 27, omit '[1926]'; substitute '[1926]'.

(b) Omit footnote 28; substitute:

²⁸ Refer to Ransburg Australia Pty Ltd v. Federal Commissioner of Taxation [1980] FCA 31; 80 ATC 4114 at 4121; (1980) 10 ATR 663 at 669, per Fisher J.

5. Paragraph 31

In footnote 39, omit 'at 23'; substitute 'at 23'.

6. Paragraph 32

In footnote 40, insert space after 'v.'.

7. Paragraph 43

(a) Omit 'FBTA'; substitute 'Fringe Benefits Tax Act 1986'.

(b) In footnote 52, omit 'FBTA'; substitute 'Fringe Benefits Tax Act 1986'.

8. Paragraph 45

In footnote 56, omit ' (1981) 50 FLR 219; (1981) 34 ALR 237;'.

9. Paragraph 54

In footnote 62, omit '; and'; substitute ' and'.

10. Paragraph 74

In footnote 82, omit 'See'; substitute 'Refer to'.

11. Paragraph 89

Remove space after 'this Ruling'.

12. Paragraph 95

In the Detailed contents list, indent heading 'When is a trustee assessed on amounts of the section 95 net income?'.

13. References

(a) Omit from 'Related Rulings/Determinations:' 'IT 2385; TR 2001/10; TR 2008/5; TR 2012/D1'.

(b) Insert 'ITAA 1997 83A-10(1)' to 'Legislative references:'.

(c) Omit all cases from 'Cases relied on:'; substitute:

-

Re Benstead Services Pty Ltd v. Federal Commissioner of Taxation [2006] AATA 976; (2006) 64 ATR 1232; 2006 ATC 2511

-

Blank v. Federal Commissioner of Taxation [2016] HCA 42; (2016) 104 ATR 41; 2016 ATC 20 587

-

British Insulated and Helsby Cables v. Atherton [1926] AC 205

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Case C57 71 ATC 250

-

Cases Nos 260 262/1982 83 ATC 430

-

Deputy Commissioner of Taxation v. Applied Design Development Pty Ltd (in liq) (2002) 117 FCR 336; [2002] FCA 205; (2002) 49 ATR 196; 2002 ATC 4193

-

Essenbourne Pty Ltd v. Federal Commissioner of Taxation [2002] FCA 1577; 2002 ATC 5201; (2002) 51 ATR 629

-

Re Experienced Tours Pty Ltd v. Federal Commissioner of Taxation [2006] AATA 517; (2006) 63 ATR 1147; 2006 ATC 2232

-

Federal Commissioner of Taxation v. Belford (1952) 88 CLR 589; [1952] HCA 73

-

Federal Commissioner of Taxation v. Dixon (1952) 86 CLR 540; [1952] HCA 65; (1952) 10 ATD 82

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Federal Commissioner of Taxation v. H [2010] FCAFC 128; (2010) 188 FCR 440; 2010 ATC 20 218; (2010) 85 ATR 357

-

Federal Commissioner of Taxation v. Indooroopilly Children Services (Qld) Pty Ltd (2007) 158 FCR 325; [2007] FCAFC 16; 2007 ATC 4236; (2007) 65 ATR 369

-

Federal Commissioner of Taxation v. McArdle (1988) 19 ATR 1901; 89 ATC 4051

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

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Goodman Fielder Wattie Ltd v. Federal Commissioner of Taxation (1991) 29 FCR 376; (1991) 22 ATR 26; 91 ATC 4438

-

Hallstroms Pty Ltd v. Federal Commissioner of Taxation (1946) 72 CLR 634; [1946] HCA 34; (1946) 8 ATD 190

-

Inchyra (Baron) v. Jennings (Inspector of Taxes) [1966] 1 Ch 37; [1965] 2 All ER 714

-

Jackson's Trustees v. Commissioners of Inland Revenue (1942) 25 TC 13

-

Magna Alloys and Research Pty Ltd v. Federal Commissioner of Taxation [1980] FCA 150; (1980) 11 ATR 276; 80 ATC 4542

-

Murdoch v. Commissioner of Pay Roll Tax (Vic) (1980) 143 CLR 629; [1980] HCA 33; 80 ATC 4424; (1980) 11 ATR 135

-

Mutual Acceptance Co Ltd v. Federal Commissioner of Taxation (1944) 69 CLR 389; [1944] HCA 34; (1944) 7 ATD 506

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Pridecraft Pty Ltd v. Federal Commissioner of Taxation [2004] FCAFC 339; 2005 ATC 4001

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Ransburg Australia Pty Ltd v. Federal Commissioner of Taxation [1980] FCA 4114; 80 ATC 4114; (1980) 10 ATR 663

-

Ronpibon Tin NL v. Federal Commissioner of Taxation (1949) 78 CLR 47; [1949] HCA 15; (1949) 8 ATD 431

-

Sent v. Federal Commissioner of Taxation [2012] FCA 382; 2012 ATC 20 318; (2012) 85 ATR 1

-

Re Soubra v. Federal Commissioner of Taxation [2009] AATA 2009 ATC 10 113; (2009) 77 ATR 946

-

Spotlight Stores Pty Ltd v. Federal Commissioner of Taxation [2004] FCA 650; 2004 ATC 4674; (2004) 55 ATR 745

-

Union Fidelity Trustee Co (Aust) Ltd v. Federal Commissioner of Taxation (1969) 119 CLR 177; [1969] HCA 36; 69 ATC 4084; (1969) 1 ATR 200

-

Ure v. Federal Commissioner of Taxation [1981] FCA 9; 81 ATC 4100; (1981) 11 ATR 484

-

Re Wensemius v. Federal Commissioner of Taxation [2007] AATA 1006; 2007 ATC 2035; (2007) 66 ATR 144

-

Re Yip v. Federal Commissioner of Taxation [2011] AATA 785; 2011 ATC 10 214; (2011) 82 ATR 761

This Erratum applies on and from 31 October 2018.

Commissioner of Taxation
21 November 2018

© 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 1-9EWR6K6