Taxation Ruling

TR 2002/11W

Income tax: Simplified Tax System eligibility - STS average turnover

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Notice of Withdrawal

Taxation Ruling TR 2002/11 is withdrawn with effect from today.

1. TR 2002/11 deals with the definition of 'Simplified Tax System (STS) average turnover' in former section 328-370 of the Income Tax Assessment Act 1997 (ITAA 1997). This concept was relevant in determining whether an entity was eligible to be an STS taxpayer for an income year under the former STS regime.

2. Section 328-370 of the ITAA 1997 has been repealed and replaced by the Small Business Entity regime in the new Division 328 of the ITAA 1997.

3. TR 2002/11 has no ongoing relevance and is therefore withdrawn without replacement.

Commissioner of Taxation
5 April 2017

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Previously released in draft form as TR 2002/D3.

References

ATO references:
NO 1-9N72KXS

ISSN: 2205-6122

Related Rulings/Determinations:

GSTR 2000/11
TR 2002/6
IT 2423

Subject References:
grouped entities
Simplified Tax System
STS average turnover
STS group turnover
STS taxpayers

Legislative References:
ANTS(GST)A99 9-75
Bankruptcy Act 1924-1933 (Cth) 95
Companies Act 1961 (NSW) 207(1)
ITAA 1936 82KZM
ITAA 1997 8-1
ITAA 1997 328-365(1)(b)
ITAA 1997 328-365
ITAA 1997 328-370(1)
ITAA 1997 328-370(2)
ITAA 1997 328-370(3)
ITAA 1997 328-370(4)
ITAA 1997 328-370
ITAA 1997 328-375(1)
ITAA 1997 328-375(1)(c)
ITAA 1997 328-375(1)(d)
ITAA 1997 328-375(1)(e)
ITAA 1997 328-375
ITAA 1997 328-380
ITAA 1997 328-435
ITAA 1997 995-1(1)
ITAA 1997 Subdiv 328-F
ITAA 1997 Subdiv 328-G
ITAA 1997 Div 328

Case References:
American Leaf Blending Co Sdn Bhd v. Director-General of Inland Revenue
[1978] 3 All ER 1185


Australia and New Zealand Banking Group Ltd v. FC of T
(1994) 48 FCR 268
94 ATC 4026
(1994) 27 ATR 559

Ballarat Brewing Co Ltd v. FC of T
(1951) 82 CLR 364
(1951) 25 ALJR 220
(1951) 9 ATD 254

Bradford Roofing Industries Pty Ltd (in liq) & Companies Act, Re
[1966] 1 NSWR 674

Californian Copper Syndicate v. Harris (Surveyor of Taxes)
(1904) 5 TC 159

Charles v. FC of T
(1954) 90 CLR 598
6 AITR 85

Downs Distributing Co Pty Ltd v. Associated Blue Star Stores Pty Ltd (in liq)
(1948) 76 CLR 463
(1948) 22 ALJR 286

FC of T v. GKN Kwikform Services Pty Ltd
(1991) 21 ATR 1532
91 ATC 4336

FC of T v. Marshall and Brougham Pty Ltd
(1987) 17 FCR 541
87 ATC 4522
(1987) 18 ATR 859

FC of T v. Radnor Pty Ltd
91 ATC 4689
(1991) 22 ATR 344
102 ALR 187

FC of T v. The Myer Emporium Ltd
(1987) 163 CLR 199
87 ATC 4363
(1987) 18 ATR 693

Jennings Industries Ltd v. FC of T
(1984) 2 FCR 273
(1984) 15 ATR 577
84 ATC 4288

London Australia Investment Co Ltd v. FC of T
(1977) 138 CLR 106
(1977) 7 ATR 757
77 ATC 4398

Memorex Pty Ltd v. Federal Commissioner of Taxation
(1987) 77 ALR 299
87 ATC 5034
(1987) 19 ATR 553

Mercantile Mutual (Workers Compensation) Ltd v. FC of T
(1998) 39 ATR 467
98 ATC 4814

RAC Insurance Pty Ltd v. FC of T
(1990) 95 ALR 515
(1990) 21 ATR 709
90 ATC 4737

Ruhamah Property Co Ltd v. FC of T
(1928) 41 CLR 148
(1928) ALJR 172
(1928) 35 ALR 50

Sun Insurance Office v. Clarke
(1912) AC 443
[1911-13] All ER Rep 495
6 TC 57

Taylor v. White
(1963-64) 110 CLR 129

TR 2002/11W history
  Date: Version: Change:
  26 June 2002 Original ruling  
You are here 5 April 2017 Withdrawn  

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You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).