359-20
CurrentPrivate rulings must contain certain details
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 359Private rulings
359-20 Private rulings must contain certain details
(1)
A *private ruling must state that it is a private ruling.
(2)
A *private ruling must identify the entity to whom it applies and specify the relevant *scheme and the relevant provision to which it relates.
Note 1:
The Commissioner must tell the applicant which assumptions the Commissioner made in making the ruling: see section 357‑110.
Note 2:
Section 357‑55 specifies the relevant provisions.
This Act’s bill:Second reading speech
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