Private ruling: Income tax exemption
Date of advice: 18 June 2019
Published: November 2019
Ruling period: 1 July 2018 to 30 June 2019 | 1 July 2019 to 30 June 2020 | 1 July 2020 to 30 June 2021
Date scheme commenced: 1 July 2001

Ruling: Q1: Is the Entity exempt from income tax under section 50-1 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: Yes. Its ordinary and statutory income is exempt from income tax.

Relevant facts and circumstances: You have previously received a private ruling, authorisation number 1012898563889 on this arrangement. The relevant facts remain the same.

Relevant legislative provisions: Income Tax Assessment Act 1997 section 50-1 | Income Tax Assessment Act 1997 section 50-40

Reasons for decision: Summary: The relevant facts, the law and the Commissioner's view have not changed since the issue of private ruling authorisation number 1012898563889. Therefore the reasons for decision are the same as those contained in private ruling authorisation number 1012898563889.