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 357 - Object and common rules  

Subdivision 357-B - Common rules for rulings  

Common rules for private and oral rulings

SECTION 357-110   ASSUMPTIONS IN MAKING PRIVATE OR ORAL RULING  

357-110(1)    
If the Commissioner considers that the correctness of a *private ruling or an *oral ruling would depend on which assumptions were made about a future event or other matter, the Commissioner may:


(a) decline to make the ruling; or


(b) make such of the assumptions as the Commissioner considers to be most appropriate.

357-110(2)    
Before making the ruling, the Commissioner must:


(a) tell the applicant which assumptions (if any) the Commissioner proposes to make; and


(b) give the applicant a reasonable opportunity to respond.

Note:

The Commissioner should make a private ruling within 60 days. However, if the Commissioner tells the applicant about assumptions the Commissioner proposes to make under this section, that period is extended: see subsection 359-50(2) .





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