Product Ruling PR 2006/120W
Status: withdrawn







A public ruling is an expression of the Commissioner's opinion about the way in which a taxation provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes. | If you rely on this ruling, we must apply the law to you in the way set out in the ruling (or in a way that is more favourable for you if we are satisfied that the ruling is incorrect and disadvantages you, and we are not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you.

Withdrawal notice: 1. This Product Ruling is withdrawn and ceases to have effect after 30 June 2007. Even following its withdrawal, this Ruling continues to apply, in respect of the relevant provisions ruled upon, to all entities within the specified class who entered into the specified scheme between 19 April 2000 and before 3 March 2001 that is set out in paragraphs 13 to 40 of Product Ruling PR 2000/46. This is subject to there being no change in the scheme or in the entity's' involvement in the scheme. Commissioner of Taxation 26 July 2006 Not previously issued as a draft

Related rulings: PR 2000/46 TR 2001/14
Legislative references: ITAA 1997 Div 35 ITAA 1997 35-10 ITAA 1997 35-10(2) ITAA 1997 35-55 ITAA 1997 35-55(1)(b) TAA 1953 TAA 1953 Sch 1 357-75(1) Copyright Act 1968
Subject references: commissioner's discretion non-commercial loss product rulings