Product Ruling PR 2001/163W
Status: withdrawn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 This Product Ruling is withdrawn and ceases to have effect after 31 December 2004. The Ruling continues to apply, in respect of the tax laws 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 19 December 2001 Not previously issued in draft form

Related rulings: PR 2001/80 PR 1999/95 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TD 93/34 TR 95/33 TR 98/22
Legislative references: ITAA 1997 8-1 ITAA 1997 Div 108 Part 3-1 ITAA 1997 Div 110 Part 3-1 ITAA 1997 Div 328 Part 3-45 ITAA 1936 Part IVA ITAA 1936 51AAA ITAA 1936 82KL ITAA 1936 82KZL(2)(a) ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZME
Subject references: financial products interest expenses prepaid expenses product rulings public rulings STS taxpayer taxation administration tax avoidance