Taxation Ruling
IT 2322W - Notice of Withdrawal
Income tax: indemnity of trustees in insolvency cases
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Withdrawal
Taxation Ruling IT 2322 is withdrawn with effect from today.
1. Taxation Ruling IT 2322 contains guidelines concerning the terms under which an indemnity should be approved by the Tax Office where the Commissioner is either the sole or a participating creditor. The indemnity relates to trustees in insolvency cases, for costs of legal recovery proceedings on behalf of creditors. The Ruling content documents the Commissioner's longstanding practice in this area.
2. The issues covered by Taxation Ruling IT 2322 are now contained in the ATO Receivables Policy which applies from 4 July 2006.
Commissioner of Taxation
6 September 2006
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