Class Ruling

CR 2011/73W

Income tax: early retirement scheme - Aurora Energy Pty Ltd

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Notice of Withdrawal

Class Ruling CR 2011/73 is withdrawn with effect from today.

1. Class Ruling CR 2011/73 set out the Commissioner's opinion on the taxation consequences for employees of Aurora Energy Pty Ltd who received a payment under the scheme described in the Ruling. The purpose of implementing the scheme was to rationalise or re-organise the employer's operations and workforce to ensure it has the right human resources to secure its position in the market into the future.

2. The scheme described in CR 2011/73 will not be implemented.

Commissioner of Taxation
14 September 2011

References

ATO references:
NO 13EGGEPY