358-10
CurrentApplication of public rulings
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 358Public rulings
358-10 Application of public rulings
(1)
A *public ruling applies from the time it is published or from such earlier or later time as is specified in the ruling.
(2)
A *public ruling, other than an *indirect tax or excise ruling, that relates to a *scheme does not apply to you if the scheme has begun to be carried out when the ruling is published and:
(a)
the ruling changes the Commissioner’s general administrative practice; and
(b)
the ruling is less favourable to you than the practice.
This Act’s bill:Second reading speech
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