Product Ruling
PR 2021/4A1
Income tax: taxation consequences for a customer entering into an XLD Grain and Fertiliser Prepayment Program with XLD Commodities Pty Ltd
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Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
Addendum
This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Product Ruling PR 2021/4 to expand the class of entities that rely on it by including entities covered by subsection 82KZM(1A) of the Income Tax Assessment Act 1936.
PR 2021/4 is amended as follows:
At the end of the first dot point, insert 'or an entity covered by subsection 82KZM(1A)'.
At the end of the third dot point, insert 'or an entity covered by subsection 82KZM(1A)'.
At the end of the second dot point, insert 'or an entity covered by subsection 82KZM(1A)'.
At the end of subparagraph (b), insert 'or an entity covered by subsection 82KZM(1A)'.
Omit the first dot point; substitute:
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- a small business entity, or an entity covered by subsection 82KZM(1A), for the year of income that has not chosen to apply section 82KZMD to the expenditure, or
After the words 'are a small business entity', insert '(or an entity covered by subsection 82KZM(1A))'.
This Addendum applies before and after its date of issue.
Commissioner of Taxation
16 August 2023
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References
ATO references:
NO 1-YIKCMJZ