IT 1A - Addendum
Taxation Ruling System: explanation and status
Please note that the PDF version is the authorised version of this ruling.
FOI status:may be released
2. The SAA introduced a new system of binding public rulings under the income tax law and the fringe benefits tax law. Taxation Ruling TR 92/1 explains the new system including the legal status and binding effects of public rulings.
3. Taxation Ruling No. 1 (first 2 sentences of the fourth paragraph) explains that a Taxation Ruling cannot supplant the terms of the law and that it does not have the effect of an estoppel against the operation of the law.
4. Taxation Ruling No. 1 does not apply in this respect to a Taxation Ruling or Taxation Determination to the extent that it is a favourable public ruling for the purposes of the SAA (Taxation Ruling TR 92/1 explains what is meant by a favourable public ruling). In essence, Taxation Ruling No. 1 does not apply to a Taxation Ruling or Taxation Determination made on or after 1 July 1992 to the extent that it:
- expresses the Commissioner's view on the way in which an income tax law or a fringe benefits tax law applies to a person in relation to an 'arrangement' (as defined in section 14ZAAA of the Taxation Administration Act 1953); and
- is, from that person's viewpoint, favourable,
except in relation to any arrangement begun to be carried out before 1 July 1992.
5. Taxation Ruling No. 1 applies to any Taxation Ruling or Taxation Determination to the extent that it does not meet the description in paragraph 4 above e.g. a Taxation Ruling on administrative or collection aspects of the law which do not affect a taxpayer's final liability to tax.
Commissioner of Taxation
6 August 1992