ATO advice and guidance issue list

Following is a list of the ATO advice and guidance issuing in the week commencing 18 November 2024.

The documents will be available from 2:00 pm AEDT on the scheduled date at ato.gov.au/law

Note that this list is subject to change.
 

Taxation determination

TD 2024/8 Income tax: value of goods taken from stock for private use for the 2024–25 income year
 
Publication date 20 November 2024

Addendums

GSTR 2014/2 Goods and services tax: treatment of ATM service fees, credit card surcharges and debit card surcharges
 
This Addendum amends GSTR 2014/2 to reflect the Administrative Appeals Tribunal's (AAT) decision in Banktech Group Pty Ltd and Commissioner of Taxation [2023] AATA 3850 regarding the meaning of 'automatic teller machine (ATM) services'. The AAT decided that the supply of cash withdrawals through cash dispensing devices used by the taxpayer were not 'ATM services' as they were inconsistent with the ordinary meaning of the term.
 
Publication date 20 November 2024
 

GSTR 2002/2 Goods and services tax: GST treatment of financial supplies and related supplies and acquisitions
 
Minor consequential updates to reflect the above have also been made to GSTR 2002/2.
 
Publication date 20 November 2024
 

MT 2012/2 Miscellaneous taxes: application of the income tax and GST laws to deferred transfer farm-out arrangements
 
This addendum amends MT 2012/2 to update references to legislative instruments and address accessibility issues.
 
Publication date 20 November 2024

Class ruling

CR 2024/72 Transport for New South Wales – free Opal card scheme
 
Publication date 20 November 2024

Withdrawal

TD 2019/2 Income tax: value of goods taken from stock for private use for the 2018–19 income year
 
Publication date 20 November 2024

Erratum

CR 2024/57 Macquarie Group Limited – Macquarie Capital Notes 7
 
Publication date 20 November 2024