Private ruling: Part IVA and Division 310
Date of advice: 27 April 2017
Published: September 2017

Ruling: In view of privacy issues in respect of this private ruling, the following summary is provided. | The Commissioner has ruled that Part IVA will not apply to a scheme involving a straightforward application of Division 310 of the Income Tax Assessment Act 1997. | The ruling relates to a transaction that the taxpayer entered into and concerns the following provisions of the income tax legislation: | Income Tax Assessment Act 1936 Section 177A | Income Tax Assessment Act 1936 Section 177C | Income Tax Assessment Act 1936 Section 177F.