Class Ruling

CR 2006/111W

Income tax: eligible termination payment: Rail Corporation NSW, Rail Infrastructure Corporation and State Rail Authority of NSW - transfer of employment

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Notice of Withdrawal

Class Ruling CR 2006/111 is withdrawn with effect from today.

1. Class Ruling CR 2006/111 found that payments made to former employees of Rail Corporation New South Wales, Rail Infrastructure Corporation and State Rail Authority who obtained a position with Fujitsu Australia in connection with the outsourcing of Information Communications Technology Operations and Delivery were eligible termination payments.

2. CR 2006/111 is withdrawn because of changes occurring to legislation which affect the classification and taxation of these payments after 30 June 2007.

Commissioner of Taxation
11 July 2007

References

ATO references:
NO 2006/20258