Taxation Ruling
IT 2333W - Notice of Withdrawal
Income tax : OECD traineeship scheme
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Please note that the PDF version is the authorised version of this withdrawal notice.
Notice of Withdrawal
Taxation Ruling IT 2333 is withdrawn with effect from today.
1. IT 2333 deals with monthly living allowances paid to OECD financed trainees who participate in the traineeship scheme, which are accepted as a living-away-from-home allowance within the meaning of section 51A of the Income Tax Assessment Act 1936 (ITAA 1936) and are therefore deductible under section 51A of the ITAA 1936.
2. Section 51A of the ITAA 1936 was repealed by the Fringe Benefits Tax (Miscellaneous Provisions) Act 1986 (FBTAA 1986) with effect from the commencement of the 1986-87 income year, at which point a living-away-from-home allowance of the sort that could formerly give rise to a special deduction under section 51A became subject to the FBTAA 1986.
3. IT 2333 has no ongoing relevance, and is therefore withdrawn without replacement.
Commissioner of Taxation
19 April 2017
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