IT 2486W - Notice of Withdrawal
Income tax : children's savings accounts
Please note that the PDF version is the authorised version of this ruling.
Notice of Withdrawal
2. IT 2486 is replaced by Taxation Determination TD 2017/11 issued on 26 April 2017 which consolidates the ATO's views on who is assessed on interest on bank accounts, including children's savings accounts. Further guidance on children's savings accounts is also available on www.ato.gov.au.
Commissioner of Taxation
26 April 2017
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).