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Edited version of private advice
Authorisation Number: 1051596854937
Date of advice: 24 October 2019
Ruling
Subject: Income Tax Exemption
Question
Is the taxpayer exempt from income tax under section 50-1 of the Income Tax Assessment Act 1997 (ITAA 1997)?
Answer
Yes.
This ruling applies for the following periods:
01 July 20XX to 30 June 20XX
The scheme commences on:
01 July 20XX
Relevant facts and circumstances
You have previously received a private ruling, authorisation number 1013089171894 on this arrangement.
The relevant facts remain the same.
Relevant legislative provisions
Income Tax Assessment Act 1997
Reasons for decision
The relevant facts, the law and the Commissioner's view have not changed since the issue of private ruling authorisation number 1013089171894.
Therefore, the reasons for decision are the same as those contained in private ruling authorisation number 1013089171894.