Product Ruling PR 2002/95W
Status: withdrawn

What this ruling is about: 1. This Product Ruling is withdrawn and ceases to have effect after 30 June 2005. 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.






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: Commissioner of Taxation 26 June 2002 This Ruling has been previously released as PR 2001/89

Related rulings: TR 92/1 TR 92/20 TD 93/34 TR 95/33 TR 97/16 PR 1999/95 PR 2001/89
Legislative references: TAA 1953 Part IVAAA ITAA 1936 51AAA ITAA 1936 82KL ITAA 1936 82KZL(1) ITAA 1936 82KZL(2)(a) ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD ITAA 1936 82KZME ITAA 1936 82KZME(4) ITAA 1936 82KZME(5) ITAA 1936 82KZMF ITAA 1936 Pt III ITAA 1936 Pt IVA ITAA 1936 Subdiv H ITAA 1997 Pt 3-1 ITAA 1997 8-1 ITAA 1997 Div 108 ITAA 1997 Div 110 ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G Copyright Act 1968
Subject references: financial products interest expenses prepaid expenses product rulings public rulings small business taxpayer taxation administration tax avoidance