Private ruling: Application of Part IVA
Published: November 2014

Ruling: What this ruling is about: | In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided. | The taxpayer proposes to enter into a debt factoring arrangement. | The Commissioner ruled that based on the facts provided Part IVA of the Income Tax Assessment Act 1936 will not apply to the scheme. | Relevant legislative provisions | Income Tax Assessment Act 1936 section 177F.