Taxation Administration Act 1953

*Industry Innovation and Science Australia may make a ruling that Industry Innovation and Science Australia considers that activities included in a specified class of activities:

are not ineligible activities for the purposes of subsections 118‑425(13) and 118‑427(14) of the Income Tax Assessment Act 1997; or

in specified circumstances, are not such ineligible activities;

An activity will not be an ineligible activity for the purposes of subsections 118‑425(13) and 118‑427(14) of the Income Tax Assessment Act 1997 if, for example, it is covered by subsections 118‑425(13A) and 118‑427(14A) of that Act.

Such a ruling is a public ruling if it:

is published; and

states that it is a public ruling.

*Industry Innovation and Science Australia must, by notifiable instrument, publish notice of the making of a *public ruling.

The validity of a ruling is not affected merely because a provision of this Part relating to the form of the ruling or the procedure for making it has not been complied with: see section 357‑90.