Overview
Class rulings are public rulings that enable us to provide legally binding advice in response to a request from an entity seeking advice about the application of a relevant provision to a specific class of entities, for a particular scheme.
The purpose of a class ruling is to provide certainty to participants and minimise the need for individual participants to seek private rulings.
Class ruling CR 2001/1 Class rulings system outlines the class rulings system.
Who is the participant?
The participant is the entity within a specified class who enters into a specified scheme or arrangement as described in the examples of class rulings.
Who is the principal?
The principal is the entity involved in carrying out the specified scheme or arrangement for a specified class of entities - for example, an employer seeking advice for a class of employees. A principal can also be a participant in the scheme.
Who is the applicant?
The applicant is the person who applies for a class ruling on behalf of the principal, the participants or potential participants in the scheme. It can be a tax agent who acts on behalf of the principal or participants.
One of the participants can represent the class of entities in its dealing with the tax agent who will file the class ruling application. The representative participant will require authorisation from all the other class of entities, for them to act on their behalf about this matter.
Last Modified: Friday, 9 November 2012