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  

Public rulings by Innovation and Science Australia  

SECTION 362-5   INNOVATION AND SCIENCE AUSTRALIA MAY MAKE PUBLIC RULINGS ON A SPECIFIED CLASS OF ACTIVITIES  

362-5(1)  


*Innovation and Science Australia may make a ruling that Innovation and Science Australia considers that activities included in a specified class of activities:


(a) are not ineligible activities for the purposes of subsections 118-425(13) and 118-427(14) of the Income Tax Assessment Act 1997 ; or


(b) in specified circumstances, are not such ineligible activities;

if Innovation and Science Australia is satisfied that the activities included in that class are not such ineligible activities, or are not in those circumstances such ineligible activities, as the case requires.

Note:

An activity will not be an ineligible activity for the purposes of subsections 118-425(13) and 118-427(14) of the Income Tax Assessment Act 1997 if, for example, it is covered by subsections 118-425(13A) and 118-427(14A) of that Act.

362-5(2)  
Such a ruling is a public ruling if it:


(a) is published; and


(b) states that it is a public ruling.

362-5(3)  


*Innovation and Science Australia must, by notifiable instrument, publish notice of the making of a *public ruling.
Note:

The validity of a ruling is not affected merely because a provision of this Part relating to the form of the ruling or the procedure for making it has not been complied with: see section 357-90 .




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