Income Tax Assessment Act 1936

S 170BC repealed by No 161 of 2005, s 3 and Sch 2 item 5, applicable to things done on or after 1 January 2006. S 170BC formerly read:

SECTION 170BC ASSESSMENT OF TAX OTHER THAN WITHHOLDING TAX IF PUBLIC OR PRIVATE RULINGS CONFLICT  
170BC(1)
In this section:

'ruling'
means:

(a) a public ruling; or

(b) a private ruling.

170BC(2)
Expressions used in this section have the same meanings as in section 170BA or 170BB .

170BC(3)
If:

(a) there are rulings of different ways in which the same income tax law applies to the same person in relation to the same arrangement; and

(b) apart from this section, because of there being those different ways, there are conflicting requirements under section 170BA or 170BB , or both, of what the assessment and amount of final tax in relation to that person are to be;

the assessment and amount of final tax must be what they would be if that law so applied in whichever of those ways would result in the lowest amount of final tax.

S 170BC inserted by No 101 of 1992.