Disclaimer This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of private advice
Authorisation Number: 1051522578755
Date of advice: 30 May 2019
Ruling
Subject: Income tax exemption
Question
Is the entity a State/Territory Body (STB) exempt from income tax pursuant to section 24M of the Income Tax Assessment Act 1936 (ITAA 1936)?
Answer
Yes
This ruling applies for the following periods:
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You have previously received a private ruling, authorisation number XXXXXXXXXXXXX on this arrangement. The relevant facts remain the same.
Relevant legislative provisions
Income Tax Assessment Act 1936, section 24AK
Income Tax Assessment Act 1936, section 24AM
Income Tax Assessment Act 1936, section 24AN
Income Tax Assessment Act 1936, section 24AQ
Income Tax Assessment Act 1936, section 24AT
Income Tax Assessment Act 1936, section 24AU
Reasons for decision
The relevant facts, the law and the Commissioner's view have not changed since the issue of private ruling authorisation number XXXXXXXXXXXXX.
Therefore the reasons for decision are the same as those contained in private ruling authorisation number XXXXXXXXXXXXX.