Taxation Ruling
IT 87W - Notice of Withdrawal
Meaning of 'consideration receivable' in section 59
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Withdrawal
Taxation Ruling IT 87 is no longer current and is therefore withdrawn.
The rewritten law arising from the Tax Law Improvement Project uses the term 'termination value' rather than 'consideration receivable'. The new law encapsulates the policy outlined in the Ruling, which is therefore no longer necessary.
Commissioner of Taxation
11 February 1998