Private ruling: Application of section 703-37 following changes to ADI prudential standards
Published: September 2012

Ruling: Questions at issue | In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided. | The ruling concerned the following: | The taxpayer is requesting a ruling whether subparagraph 703-37(5)(d)(i) of the Income Tax Assessment Act 1997 (ITAA 1997) applies under their current circumstances. | The taxpayer is requesting a ruling whether subparagraph 703-37(5)(d)(ii) of the ITAA 1997 applies under their current circumstances. | The Commissioner has ruled that: | Yes, subparagraph 703-37(5)(d)(i) of the ITAA 1997 will apply to the current circumstances subject to qualification. | Yes, subparagraph 703-37(5)(d)(ii) of the ITAA 1997 will apply to the current circumstances subject to qualification.




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