Product Ruling PR 1999/60W
Status: withdrawn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 This Product Ruling is withdrawn and ceases to have effect after 30 June 2001.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, 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. This Product Ruling has been replaced by PR 2002/10 which issued on 30 January 2002. Commissioner of Taxation 16 June 1999 This Rulng has been replaced by PR 2002/10

Related rulings: IT 175 PR 98/1 TR 92/1 TR 92/20 TR 97/16 TR 98/22
Legislative references: ITAA1936 82KH(1) ITAA1936 82KL ITAA1936 82KL(1) ITAA1936 82KH(1F)(b) ITAA1936 82KZM ITAA1936 Part IVA ITAA1936 177A ITAA1936 177C ITAA1936 177D ITAA1997 6-5 ITAA1997 8-1 ITAA1997 8-1(1)(a) ITAA1997 8-1(1)(b) ITAA1997 8-1(2) ITAA1997 387-B ITAA1997 387-125 ITAA1997 387-C ITAA1997 387-185
Case references: Coles Myer Finance Ltd v. Federal Commissioner of Taxation (1993) 176 CLR 640 93 ATC 4214 (1993) 25 ATR 95
Subject references: business income carrying on a business commercial viticulture management fees product rulings public rulings taxation administration tax avoidance