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Edited version of your private ruling
Authorisation Number: 1012311711861
This edited version of your ruling will be published in the public register of private binding rulings after 28 days from the issue date of the ruling. The attached private rulings fact sheet has more information.
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Ruling
Subject: Application of section 703-37 following changes to ADI prudential standards
Questions at issue
In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided.
The ruling concerned the following:
The taxpayer is requesting a ruling whether subparagraph 703-37(5)(d)(i) of the Income Tax Assessment Act 1997 (ITAA 1997) applies under their current circumstances.
The taxpayer is requesting a ruling whether subparagraph 703-37(5)(d)(ii) of the ITAA 1997 applies under their current circumstances.
The Commissioner has ruled that:
Yes, subparagraph 703-37(5)(d)(i) of the ITAA 1997 will apply to the current circumstances subject to qualification.
Yes, subparagraph 703-37(5)(d)(ii) of the ITAA 1997 will apply to the current circumstances subject to qualification.
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