Taxation Ruling IT 2344A2 - Addendum - Income tax: trust schemes with non-resident beneficiaries: assessing guidelines: determination of objections: settlement guidelines



Ruling: 1. Paragraph 3: Omit the heading 'Assessing Guidelines'. | 3. Paragraph 7: After '99A', insert 'of the ITAA 1936'. | 4. Paragraph 9: Omit the heading and paragraph; substitute: | 5. Paragraph 10: Omit the paragraph. | 6. Paragraph 11: Omit the paragraph. | 7. Paragraph 12: Omit the heading and the paragraph. This Addendum applies on and from 27 February 2008. Commissioner of Taxation 27 February 2008




This Addendum amends Taxation Ruling IT 2344 to reflect the changes to the law caused by the repeal of inoperative provisions and the introduction of the uniform penalties regime in Division 284 of Schedule 1 to the Taxation Administration Act 1953 . | 9. The guidelines for settling taxation disputes are explained in the Code of Settlement Practice. Any payment arrangements included as part of a settlement of a taxation dispute must be in accordance with Law Administration Practice Statement PS LA 2006/11 The ATO Receivables Policy.


Related rulings: IT 2344
Case references: Case X22 90 ATC 242 21 ATR 3245