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: 1052294054354

Date of advice: 4 September 2024

Ruling

Subject: Taxation of financial arrangements

The Commissioner made a private ruling on the application of section 230-45 of the Income Tax Assessment Act 1997 to an arrangement.