Class Ruling

CR 2011/62W

Income tax: National Awards for Outstanding Teaching and School Leadership

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Notice of Withdrawal

Class Ruling CR 2011/62 is withdrawn with effect from today as the scholarship described in the scheme is no longer provided.

1. CR 2011/62 is about the taxation treatment of payments made under the National Awards for Outstanding Teaching and School Leadership, under Division 6 of the Income Tax Assessment Act 1997.

2. The Ruling continues to apply, in respect of the tax law(s) ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the persons' involvement in the arrangement.

Commissioner of Taxation
25 May 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously issued as a draft

References

ATO references:
NO 1-84FKOFO

Related Rulings/Determinations:

TR 2006/10

Subject References:
capital gains tax
CGT Events C1-C3 - end of a CGT asset
exempt income
income
prizes and awards

Legislative References:
ITAA 1997
ITAA 1997 6-5
ITAA 1997 6-5(1)
ITAA 1997 6-10
ITAA 1997 10-5
ITAA 1997 15-2
ITAA 1997 104-25
ITAA 1997 104-25(2)
ITAA 1997 108-5(1)
ITAA 1997 118-20
ITAA 1997 118-37
ITAA 1997 118-37(2)
ITAA 1997 118-37(2)(a)
TAA 1953
Copyright Act 1968
Corporation Act 2001

Case References:
Federal Coke Co Pty Ltd v. Federal Commissioner of Taxation
(1977) 34 FLR 375
77 ATC 4255
(1977) 7 ATR 519

Federal Commissioner of Taxation v. Dixon
(1952) 86 CLR 540
(1952) 10 ATD 82
(1952) 5 AITR 443
Federal Commissioner of Taxation v. Rowe
(1995) 60 FCR 99
95 ATC 4691
(1995) 31 ATR 392
GP International Pipecoaters Pty Ltd v. Federal Commissioner of Taxation
(1990) 170 CLR 124
90 ATC 4413
(1990) 21 ATR 1
Hayes v. Federal Commissioner of Taxation
(1956) 96 CLR 47
(1956) 11 ATD 68
(1956) 6 AITR 248
Scott v. Federal Commissioner of Taxation
(1966) 117 CLR 514
(1966) 14 ATD 286
(1966) 10 AITR 367
Squatting Investment Company Limited v. Federal Commissioner of Taxation
(1953) 86 CLR 570