Document ID: chunk:federal_register_of_legislation:C2006C00470:clause:2_4:p1
Version: federal_register_of_legislation:C2006C00470
Segment Type: clause
Provision Reference: sch 2 cl 4 (pt 1/4)
Character Range: 70495–73299

4                            refers a valuation to a valuer under section 359‑40                                                                                        the period starting on the day the Commissioner tells the applicant about the referral and ending on the day on which the Commissioner tells the applicant that the valuer has completed its work in relation to the valuation

 (3) The applicant may object, in the manner set out in Part IVC, against the Commissioner's failure to make the ruling if the Commissioner:
 (a) does not make the ruling within 30 days of the notice under subsection (1) being given; and
 (b) has not otherwise declined to make the ruling by the end of that period.

 (4) The applicant must lodge with the objection a draft *private ruling.

359‑55  Revised private rulings

 (1) The Commissioner may make a revised *private ruling that applies to you if:
 (a) the Commissioner had previously made a private ruling that applies to you; and
 (b) when the Commissioner makes the revised private ruling:
 (i) the *scheme to which the earlier ruling relates has not begun to be carried out; and
 (ii) if the earlier ruling relates to an income year or other accounting period—that year or period has not begun.

Note: Your private ruling may be affected by a later inconsistent public ruling: see section 357‑75.

 (2) The Commissioner must give you a copy of the revised *private ruling. The copy may be given electronically.

 (3) The Commissioner may make the revised *private ruling in the circumstances mentioned in paragraph (1)(b) whether or not there is an application for the revised ruling.

 (4) When the revised *private ruling is made, the ruling in its initial form stops applying to you.

359‑60  Objections, reviews and appeals relating to private rulings

 (1) You may object against a *private ruling that applies to you in the manner set out in Part IVC if you are dissatisfied with it.

 (2) The ruling is taken to be a taxation decision (within the meaning of that Part).

 (3) However, you cannot object against a *private ruling if:
 (a) there is an assessment for you for the income year or other accounting period to which the ruling relates; or
 (b) the ruling relates to *withholding tax or *mining withholding tax that has become due and payable.

359‑65  Commissioner may consider new information on objection

 (1) In deciding whether to allow (wholly or in part), or to disallow, an objection under Part IVC against a *private ruling, the Commissioner may consider any additional information that the Commissioner did not consider when making the ruling.

 (2) For information you do not have, the Commissioner must tell you what the information is and give you a reasonable opportunity to respond before allowing or disallowing the