Class Ruling

CR 2005/106W

Income tax: treatment of payments received under the Great Barrier Reef Marine Park Structural Adjustment Package 2004:
• Business Exit (licence buy out) Assistance; and
• Business Advice Assistance

Please note that the PDF version is the authorised version of this withdrawal notice.

This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

may be released

Preamble

The number, subject heading, What this Class Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953. CR 2001/1 explains Class Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a 'public ruling' and how it is binding on the Commissioner.

Withdrawal

1. This Ruling is withdrawn from 1 July 2006.

Commissioner of Taxation
7 December 2005

References

ATO references:
NO 2005/17125

ISSN: 1445-2014

Related Rulings/Determinations:

CR 2001/1
IT 2228
TR 92/1
TR 92/20
TR 95/35
TR 97/16

Subject References:
balancing adjustment event
bounties and subsidies
Capital Gains Tax
ordinary income
primary production income
termination value

Legislative References:
ITAA 1997 6-5
ITAA 1997 6-5(1)
ITAA 1997 8-1
ITAA 1997 15-10
ITAA 1997 40-285
ITAA 1997 40-295(1)(a)
ITAA 1997 40-300(2)
ITAA 1997 40-305
ITAA 1997 Pt 3-1
ITAA 1997 Div 102
ITAA 1997 104-10
ITAA 1997 104-25
ITAA 1997 108-5
ITAA 1997 Div 110
ITAA 1997 110-45(1B)
ITAA 1997 Div 112
ITAA 1997 Subdiv 115-A
ITAA 1997 Subdiv 115-B
ITAA 1997 Subdiv 115-C
ITAA 1997 116-40
ITAA 1997 118-20
ITAA 1997 Pt 3-3
ITAA 1997 Subdiv 124-C
ITAA 1997 Div 152
ITAA 1997 392-45
ITAA 1997 392-45(2)
ITAA 1997 392-80
ITAA 1997 392-80(2)
ITAA 1936 26(g)
ITAA 1936 27B(1A)
ITAA 1936 27B(3)
TAA 1953 Pt IVAAA
Copyright Act 1968

Case References:
Allied Mills Industries Pty Ltd v. Commissioner of Taxation
(1988) 20 FCR 288
(1988) 20 ATR 457
89 ATC 4365

C of T (NSW) v. Meeks
(1915) 19 CLR 568

Dickenson v. Federal Commissioner of Taxation
(1958) 98 CLR 460

FCT v. Merv Brown Pty Ltd
(1985) 16 ATR 218
85 ATC 4080

Federal Coke Company Pty Ltd v. Federal Commissioner of Taxation
(1977) 7 ATR 176
77 ATC 4035

Federal Commissioner of Taxation v. Rowe
(1997) 187 CLR 266
97 ATC 4317
(1997) 35 ATR 432

First Provincial Building Society Ltd v. Federal Commissioner of Taxation
(1995) 56 FCR 320
95 ATC 4145
(1995) 30 ATR 207

G P International Pipecoaters Pty Ltd v. Federal Commissioner of Taxation
(1990) 170 CLR 124
90 ATC 4413
(1990) 21 ATR 1

Glenboig Union Fireclay Co Ltd v. IR Commrs
(1922) 12 TC 427

Hayes v. Federal Commissioner of Taxation
(1956) 96 CLR 47

Placer Development Ltd. v. Commonwealth
(1969) 121 CLR 353

Reckitt & Colman Pty Ltd v. Federal Commissioner of Taxation
(1974) 4 ATR 501
74 ATC 4185

Scott v. Federal Commissioner of Taxation
(1966) 117 CLR 514

The Squatting Investment Co. Ltd. v. Federal Commissioner of Taxation
(1953) 86 CLR 570

Other References:
Macquarie Dictionary, 2001, rev. 3rd edn, The Macquarie Library Pty Ltd, NSW

CR 2005/106W history

	Date:	Version:	Change:
	1 July 2004	Original ruling
You are here	1 July 2006	Withdrawn

Copyright notice