Taxation Ruling

IT 123H - Notice of Archival

Drought bonds

• Please note that the PDF version is the authorised version of this ruling.

FOI status:

may be released

Notice of Archival

Taxation Ruling IT 123 is no longer current and has been archived.

The Ruling applied only for the purposes of the application of Division 16B of the Income Tax Assessment Act 1936.

Division 16B is no longer operative. It was repealed as a redundant provision by Taxation Laws Amendment Act (No.3) 1989 (Act No.107 of 1989), section 31 and Schedule 1, effective 30 June 1989. Section 32(1) of Taxation Laws Amendment Act (No.3) 1989 (Act No.107 of 1989), provides that if an assessment would be affected by the repeal of section 159B, the repeal should be disregarded in making the assessment.

Commissioner of Taxation
1 September 1994

References

BO PUL/A749

Related Rulings/Determinations:

IT 123

Legislative References:
ITAA Div 16B