TAXATION ADMINISTRATION ACT 1953
Note: See section 3AA.Chapter 5 - Administration
A private ruling is an expression of the Commissioner's opinion of the way in which a relevant provision applies, or would apply, to you in relation to a specified scheme. Private rulings are usually made on application by you, your agent or your legal personal representative.
The Commissioner must make the ruling applied for, except in certain cases. If you are entitled to receive a ruling, you can object if the Commissioner takes too long to make it.
The Commissioner must record the ruling in writing and give a copy of it to you. The ruling must include certain details.
If you are dissatisfied with the ruling, you may object to it.
Division 357 has some common rules that affect private rulings.
|359-10||Applying for a private ruling|
|359-15||Private rulings to be given to applicants|
|359-20||Private rulings must contain certain details|
|359-25||Time of application of private rulings|
|359-30||Ruling for trustee of a trust|
|359-35||Dealing with applications|
|359-50||Delays in making private rulings|
|359-55||Revised private rulings|
|359-60||Objections, reviews and appeals relating to private rulings|
|359-65||Commissioner may consider new information on objection|
|359-70||Successful objection decision alters ruling|