Class Ruling
CR 2003/35A1 - Addendum
Income tax: capital gains: compensation receipts - Indigenous Wages and Savings Reparations Process
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Addendum
This Addendum amends Class Ruling CR 2003/35 to update the ruling to take account of an additional payment made to the class of persons covered by the ruling.
CR 2003/35 is amended as follows:
After paragraph insert:
12A. On the 25 March 2008, the Queensland Government announced a second round of payments for successful claimants in the Indigenous Wages and Savings Reparations Process. The second round Reparations Offers were:
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- $3,000 to people who previously received a $4,000 reparations payment, or
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- $1,500 to people who previously received a $2,000 reparations payment.
After paragraph insert:
20A. The second round payments are additional capital proceeds for the original CGT event which occurred at the time of the first payment.
This Addendum applies on and from 1 July 2007.
Commissioner of Taxation
8 June 2011
References
ATO references:
NO 1-2UJJ5SG