Fringe Benefits Tax Assessment Act 1986

SECTION 74B EFFECT OF PRIVATE RULING  
74B(1)
Expressions used in this section have the same meanings as in Part IVAA of the Taxation Administration Act 1953 .

74B(2)
Subject to sections 74C , 74D and 74E , if:

(a) there is a private ruling on the way in which a fringe benefits tax law applies to a person in respect of a year of tax in relation to an 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 fringe benefits tax under an assessment in relation to that person would (apart from this section and section 74C ) exceed what it would have been if that law applied in the ruled way;

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