TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-5 - RULINGS  

Division 359 - Private rulings  

Guide to Division 359  

SECTION 359-1   WHAT THIS DIVISION IS ABOUT  


A private ruling is an expression of the Commissioner ' s opinion of the way in which a relevant provision applies, or would apply, to you in relation to a specified scheme. Private rulings are usually made on application by you, your agent or your legal personal representative.

The Commissioner must make the ruling applied for, except in certain cases. If you are entitled to receive a ruling, you can object if the Commissioner takes too long to make it.

The Commissioner must record the ruling in writing and give a copy of it to you. The ruling must include certain details.

If you are dissatisfied with the ruling, you may object to it.

Note:

Division 357 has some common rules that affect private rulings.


TABLE OF SECTIONS
TABLE OF SECTIONS
Private rulings
359-5 Private rulings
359-10 Applying for a private ruling
359-15 Private rulings to be given to applicants
359-20 Private rulings must contain certain details
359-25 Time of application of private rulings
359-30 Ruling for trustee of a trust
359-35 Dealing with applications
359-40 Valuations
359-45 Related rulings
359-50 Delays in making private rulings
359-55 Revised private rulings
359-60 Objections, reviews and appeals relating to private rulings
359-65 Commissioner may consider new information on objection
359-70 Successful objection decision alters ruling


 

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