Income Tax Assessment Act 1936

S 170BCA repealed by No 161 of 2005, s 3 and Sch 2 item 5, applicable to things done on or after 1 January 2006. S 170BCA formerly read:

SECTION 170BCA EFFECT OF ORAL RULING ON TAX OTHER THAN WITHHOLDING TAX  
170BCA(1)
In this section:

final tax
has the same meaning as in section 170BA .

170BCA(2)
Expressions used in this section have the same meanings as in Division 360 (Oral rulings) in Schedule 1 to the Taxation Administration Act 1953 .

170BCA(3)
If:

(a) there is an oral ruling on the way in which an income tax law applies to a person in respect of a year of income in relation to an oral ruling arrangement ( ruled way ); and

(b) that law applies to that person in respect of that year in relation to that arrangement in a different way; and

(c) the amount of final tax under an assessment in relation to that person would (apart from this section and sections 170BDA , 170BDB and 170BDC ) exceed what it would have been if that law applied in the ruled way;

the assessment and amount of final tax must be what they would be if that law applied in the ruled way.

170BCA(4)
This section has effect subject to sections 170BDA , 170BDB and 170BDC .

S 170BCA inserted by No 179 of 1999.