357-70
CurrentCommissioner may apply the law if more favourable than the ruling
Volume 3Schedule 1, Chapter 4, Part 4-30 to Chapter 5, Part 5-100 (sections 308-1 to 990-5)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 5Administration
Part 5-5Rulings
Division 357Object and common rules
Subdivision 357-BCommon rules for rulings
357-70 Commissioner may apply the law if more favourable than the ruling
(1)
The Commissioner may apply a relevant provision to you in the way it would apply if you had not relied on a ruling if:
(a)
doing so would produce a more favourable result for you; and
(b)
the Commissioner is not prevented from doing so by a time limit imposed by a *taxation law.
(2)
The Commissioner does not have a duty to consider whether to apply subsection (1) to you, whether he or she is requested to do so by you or by any other entity.
This Act’s bill:Second reading speech
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