Product Ruling PR 2004/81W
Status: withdrawn







The number, subject heading, 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 This Product Ruling is withdrawn and ceases to have effect after 30 June 2007. The Ruling continues to apply, in respect of the tax law(s) 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, who entered into the specified arrangement prior to withdrawal of the Ruling. This is subject to there being no material difference in the arrangement or in the persons' involvement in the arrangement. Commissioner of Taxation 11 August 2004 Not previously issued as a draft.

Related rulings: PR 1999/95 TR 92/1 TR 92/20 TR 95/33 TR 97/16 TD 93/34
Legislative references: ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 25-25 ITAA 1997 25-25(1) ITAA 1997 25-25(3) ITAA 1997 25-25(4) ITAA 1997 25-25(5) ITAA 1936 51(1) ITAA 1936 Pt IVA TAA 1953 Pt IVAAA Copyright Act 1968
Case references: FCT v. James Flood Pty Ltd (1953) 5 AITR 579 88 CLR 492
Subject references: financial products interest expenses product rulings public rulings taxation administration