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 362 - Rulings by Innovation and Science Australia that activities are not ineligible activities  

Private rulings by Innovation and Science Australia  

SECTION 362-60   WITHDRAWING PRIVATE RULINGS  

362-60(1)  
*Innovation and Science Australia must withdraw a *private ruling made under this Division if:


(a) it is no longer satisfied of the matter about which it was required to be satisfied under subsection 362-25(1) ; or


(b) the ruling is inconsistent with a decision of a court.

362-60(2)  
*Innovation and Science Australia must give notice of the withdrawal to a *general partner of the *limited partnership to which the ruling related.




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