Taxation Ruling
TR 2005/10A1 - Addendum
Income tax: consolidation: retained cost base assets consisting of Australian currency or a right to receive a specified amount of such currency
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Addendum
This Addendum amends Taxation Ruling TR 2005/10 to reflect the changes in Tax Laws Amendment (2010 Measures No. 1) Act 2010.
TR 2005/10 is amended as follows:
Omit
a pre-paid service entitlement in terms of paragraph 705-25(5)(c)
Substitute:
units in a cash management trust in terms of paragraph 705-25(5)(ba); a pre-paid service entitlement in terms of paragraph 705-25(5)(c); a right to future amounts that are expected to be included in assessable income in terms of paragraph 705-25(5)(d)
- (a)
- Omit list item '(c)'; substitute '(ba)'.
- (b)
- Omit 'If the *retained cost base asset is covered by paragraph (a) or (b)'; substitute 'If the *retained cost base asset is covered by paragraph (a), (b) or (ba)'.
Omit 'or (b)'; substitute ', (b) or (ba)'.
Insert:
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- 705-25(5)(ba)
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- 705-25(5)(d)
This Addendum applies on and from 10 February 2010.
Commissioner of Taxation
6 July 2011
References
ATO references:
NO 1-2HAF076
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