S 24B repealed by No 161 of 2005, s 3 and Sch 2 item 15, applicable to things done on or after 1 January 2006. S 24B formerly read:
EFFECT OF PUBLIC RULING ON GRANTS OR BENEFITS
Expressions used in this section have the same meanings as in Part IVAAA of the
Taxation Administration Act 1953
Subject to section 24D, if:
there is a public ruling on the way in which a product grant or benefit law applies to you in relation to an arrangement (the
that law applies to you in relation to that arrangement in a different way; and
the amount of a grant or benefit under an assessment in relation to you would (apart from this section and section 24D) be less than what it would have been if that law applied in the ruled way;
the assessment and amount of the grant or benefit must be what they would be if that law applied in the ruled way.
S 24B inserted by No 54 of 2003, s 3 and Sch 1 item 20, effective 1 July 2003. For application and transitional provisions, see note under definition of ``electronic signature'' in s 5.