Taxation Ruling

TR 1999/10A2 - Addendum

Income tax and fringe benefits tax: Members of Parliament - allowances, reimbursements, donations and gifts, benefits, deductions and recoupments

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FOI status:

may be released

Addendum

TR 1999/10 is amended as follows:

1. Paragraphs 4, 29, 37, 42, 110, 192 and 353

Omit all occurrences of 'electoral'; substitute 'electorate'.

2. Paragraph 29, heading 'Functions and presentations'

(a) Omit the heading; substitute 'Functions, presentations and meetings'.

(b) After the first paragraph, insert new paragraph:

A deduction is allowable for the cost of a specific public liability insurance policy for a function or meeting arranged by a Member where the function or meeting directly relates to the conduct of the Member's parliamentary duties in their capacity as a Member of Parliament (see paragraph 191A).

3. Paragraph 35

Omit 'Electoral'; substitute 'Electorate'.

4. Paragraph 191

After the paragraph, insert:

191A. Where a Member pays a premium on an insurance policy that provides coverage for public liability insurance for a function or meeting that is not held in Commonwealth funded electorate offices, a deduction is allowable to the extent the premium relates to his or her work-related activities. A premium paid in relation to a purely social function or event is not allowable.

5. Subject references

Omit 'insurance of equipment'; substitute 'insurance expenses'.

This Addendum applies both before and after its date of issue.

Commissioner of Taxation
21 March 2012

References

ATO references:
NO T2001/014151