Product Ruling PR 1999/12W
Status: withdrawn
Date of withdrawal: 1 July 2002







Preamble: The number, subject heading, and the What this Product Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 . Product Ruling PR 1999/95 explains Product Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a public ruling and how it is binding on the Commissioner.

Withdrawal notice: 1. This Product Ruling is withdrawn on 1 July 2002 and ceases to have effect on and from that date. The Ruling continues to apply, in respect of the tax laws ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the person's involvement in the arrangement. Commissioner of Taxation 14 April 1999 No draft issued

Related rulings: TR 92/1 TR 92/20 TR 95/33 TR 97/16 TD 93/34 PR 1998/1 PR 1999/12
Legislative references: ITAA36 51(1) ITAA36 51AAA ITAA36 82KH ITAA36 82KJ ITAA36 82KK ITAA36 82KL ITAA36 Pt III Div 3 Subdiv H ITAA36 82KZL(1) ITAA36 82KZM ITAA36 82KZMA ITAA36 82KZMB ITAA36 82KZMC ITAA36 82KZMD ITAA36 82KZME ITAA36 82KZME(9) ITAA36 82KZME(10) ITAA36 82KZME(11) ITAA36 82KZMF ITAA36 Part IVA ITAA97 8-1 ITAA97 Subdiv 328-F ITAA97 328-365 ITAA97 Subdiv 328-G ITAA97 960-335 TAA53 Pt IVAAA Copyright Act 1968 A New Business Tax System (Integrity and Other Measures) Act 1999 A New Business Tax System (Integrity Measures) Act 2000 A New Business Tax System (Simplified Tax System) Act 2001
Subject references: financial products interest expenses product rulings public rulings tax avoidance taxation administration trusts unit trusts vendor finance