Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-5 - RULINGS  

Division 359 - Private rulings  

Private rulings  

SECTION 359-55   REVISED PRIVATE RULINGS  

359-55(1)  
The Commissioner may make a revised *private ruling that applies to you if:

(a) the Commissioner had previously made a private ruling that applies to you; and

(b) if the ruling is not an *indirect tax or excise ruling - when the Commissioner makes the revised private ruling:

(i) the *scheme to which the earlier ruling relates has not begun to be carried out; and

(ii) if the earlier ruling relates to an income year or other accounting period - that year or period has not begun.

Note:

Your private ruling may be affected by a later inconsistent ruling: see section 357-75 .

359-55(2)  
The Commissioner must give you a copy of the revised *private ruling. The copy may be given electronically.

359-55(3)  

The Commissioner may make the revised *private ruling whether or not there is an application for the revised ruling.

359-55(4)  
When the revised *private ruling is made, the ruling in its initial form stops applying to you.

359-55(5)  

However, if:

(a) the *private ruling is an *indirect tax or excise ruling; and

(b) the revised private ruling specifies the time from which the revision begins to apply (being a time after the time the revision is made);

the ruling in its initial form stops applying to you at the time so specified.