Document ID: chunk:federal_register_of_legislation:C2005C00272:clause:1_24c
Version: federal_register_of_legislation:C2005C00272
Segment Type: clause
Provision Reference: sch 1 cl 24C
Character Range: 10811–11595

24C  Effect of private ruling on grants or benefits

 (1) Expressions used in this section have the same meanings as in Part IVAA of the Taxation Administration Act 1953.

 (2) Subject to section 24D, if:
 (a) there is a private ruling on the way in which a product grant or benefit law applies to you in respect of a claim period in relation to an arrangement (the ruled way); and
 (b) that law applies to you in respect of that period in relation to that arrangement in a different way; and
 (c) the amount of the grant or benefit under an assessment in relation to you would (apart from this section and section 24D) be less than what it would have been if that law applied in the ruled way;
the grant or benefit must be what they would be if that law applied in the ruled way.