Private ruling: Section 6-5 of the Income Tax Assessment Act 1997
Date of advice: 25 September 2015
Published: November 2015

Ruling: Q1: The ruling concerned whether the entity derives the cash payments to it when the payments are received for the purposes of section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997). | A1: The Commissioner ruled that the entity derives the cash payment when it is received pursuant to section 6-5 of the ITAA 1997.




Subject: Section 6-5 of the Income Tax Assessment Act 1997: The entity is a trust that receives income from business activities supplying goods and services.