Product Ruling PR 1999/42W
Status: withdrawn







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 This Product Ruling is withdrawn and ceases to have effect on 1 July 2001. 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, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the persons' involvement in the arrangement. Commissioner of Taxation 2 June 1999 No draft issued

Related rulings: IT 2111 IT 2476 IT 2629 PR 98/1 PR 98/2 TR 92/20 TD 93/34
Legislative references: ITAA36 10BA ITAA36 26AG ITAA36 124ZAA(6) ITAA36 124ZAB ITAA36 124ZAB(10) ITAA36 124ZAC ITAA36 124ZADA(1) ITAA36 124ZADA(2) ITAA36 124ZAFA ITAA36 124ZAFA(1)(a) ITAA36 124ZAFA(1)(b)(i) ITAA36 124ZAFA(1)(c)(i) ITAA36 124ZAFA(1)(c)(ii) ITAA36 124ZAFA(1)(d)(iii) ITAA36 124ZAFA(1)(d)(iv)(A) ITAA36 124ZAJ ITAA36 124ZAM ITAA36 124ZAM(2) ITAA36 124ZAM(3) ITAA36 170AA ITAA36 170AA(11) ITAA36 177A ITAA36 177C ITAA36 177D ITAA36 Part IVA
Subject references: Australian films film income film industry interest expenses Product Rulings Public Rulings tax avoidance taxation administration tax shelters