Disclaimer
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: 1051725609802

Date of advice: 22 July 2020

Ruling

Subject: Financial arrangement under Division 230

In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided:

Issue

This ruling concerned whether an entity's obligation to make certain payments is a financial arrangement or part of a financial arrangement.

Answer

The Commissioner has ruled on the specific questions.