Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 5-5
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RULINGS
Division 362
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Rulings by Industry Innovation and Science Australia that activities are not ineligible activities
Guide to Division 362
SECTION 362-1
WHAT THIS DIVISION IS ABOUT
View history note
Hide history noteNote: See section 3AA .
Chapter 5 - AdministrationIndustry Innovation and Science Australia may make public rulings and private rulings expressing its view on whether activities are not ineligible activities for the purposes of applying capital gains tax provisions to venture capital investments.
Note:
An entity ' s involvement in ineligible activities can affect whether an investment is an eligible venture capital investment for the purpose of accessing a capital gains tax exemption under Subdivision 118-F of the Income Tax Assessment Act 1997 .
| Public rulings by Industry Innovation and Science Australia | |
| 362-5 | Industry Innovation and Science Australia may make public rulings on a specified class of activities |
| 362-10 | Application of public rulings |
| 362-15 | When a public ruling ceases to apply |
| 362-20 | Withdrawing public rulings |
| Private rulings by Industry Innovation and Science Australia | |
| 362-25 | Industry Innovation and Science Australia may make private rulings on a specified activity |
| 362-30 | Applying for a private ruling |
| 362-35 | Industry Innovation and Science Australia must give notice of its decision |
| 362-40 | Private rulings must contain certain details |
| 362-45 | Application of private rulings |
| 362-50 | Delays in making private rulings |
| 362-55 | When a private ruling ceases to apply |
| 362-60 | Withdrawing private rulings |
| General provisions | |
| 362-65 | When rulings are binding on the Commissioner and Industry Innovation and Science Australia |
| 362-70 | Application of common rules under Subdivision 357-B |
| 362-75 | Application of Divisions 358 and 359 |
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