Income Tax (Consequential Amendments) Act 1997 (39 of 1997)

Schedule 2   Consequential amendments of the Taxation Administration Act 1953

Part 1   Amendments

3   After section 14ZAAL

Insert in Part IVAAA:

14ZAAM Effect on public ruling if tax law re-enacted

If:

(a) the Commissioner makes a public ruling about a tax law (the old law ); and

(b) that tax law is re-enacted or remade (with or without modifications, and whether or not the old law is repealed);

the ruling is taken also to be a public ruling about the tax law as re-enacted or remade (the new law ), but only so far as the new law expresses the same ideas as the old law.

Note: Ideas in tax laws are not necessarily different just because different forms of words are used. See:

section 15AC of the Acts Interpretation Act 1901; and

section 1-3 of the Income Tax Assessment Act 1997.