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Income tax: is a reward received under a 'consumer loyalty program' that results from private expenditure assessable as ordinary income?

Preamble

No.

A 'consumer loyalty program' is defined in Taxation Ruling TR 98/D9 'Income tax and fringe benefits tax: flight rewards received under frequent flyer and other similar consumer loyalty programs'.

Rewards that result from private expenditure do not have the characteristics of an income receipt.

If you wish to comment on this draft Determination, please send your comments by 21 August 1998 to: Contact officer details have been removed following publication of the final determination.

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