Private ruling: Division 310 and Part IVA
Date of advice: 17 June 2016
Published: July 2016

Ruling: In view of privacy and commercial in-confidence issues in respect of this private ruling, the following summary is provided. | The Commissioner has ruled that Part IVA of the Income Tax Assessment Act 1936 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 | Income Tax Assessment Act 1997 Section 310-10 | Income Tax Assessment Act 1997 Section 310-85