362-20
CurrentWithdrawing 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 362Rulings by Industry Innovation and Science Australia that activities are not ineligible activities
362-20 Withdrawing public rulings
(1)
*Industry Innovation and Science Australia must, by notifiable instrument, withdraw a *public ruling made under this Division if:
(a)
it is no longer satisfied of the matter about which it was required to be satisfied under subsection 362‑5(1); or
(b)
the ruling is inconsistent with a decision of a court.
(2)
The withdrawal takes effect from the time specified in the instrument. That time must not be before the day after the instrument is registered on the Federal Register of Legislation under the Legislation Act 2003.
Private rulings by Industry Innovation and Science Australia
This Act’s bill:Second reading speech
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