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Edited version of private advice
Authorisation Number: 1051665861322
Date of advice: 28 April 2020
Ruling
Subject: Application of subdivision 310-C, subdivision 310-E and subsection 115-30(1) of the Income Tax Assessment Act 1997 (ITAA 1997) and section 177C of the Income Tax Assessment Act 1936 (ITAA 1936)
Relevant facts and circumstances
The taxpayer applied for a private ruling on the application of subdivision 310-C, subdivision 310-E, subsection 115-30(1) of the ITAA 1997 and section 177C of the ITAA 1936.
A ruling was issued in respect of the relevant provisions.
Relevant legislative provisions
Income Tax Assessment Act 1936 Subsection 177C(2)
Income Tax Assessment Act 1997 Subsection 115-30(1)
Income Tax Assessment Act 1997 Subdivision 310-C
Income Tax Assessment Act 1997 Subdivision 310-E