Taxation Ruling

TR 96/5A2 - Addendum

Income tax: take or pay contracts

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FOI status:

may be released

Addendum

This Addendum amends Taxation Ruling TR 96/5 to reflect the effective replacement of Division 330 of the Income Tax Assessment Act 1997 (ITAA 1997) with Division 40 of the ITAA 1997. The defined term 'eligible mining or quarrying operations' in section 330-30 has been effectively replaced by the defined term 'mining operations' in subsection 40-730(7).

Taxation Ruling TR 96/5 is amended as follows:

1. Paragraph 2

Omit 'eligible mining or quarrying operations as defined in section 330-30'; substitute 'mining operations as defined in subsection 40-730(7)'.

2. Under Related Rulings/Determinations heading

Omit 'IT 2429'.

3. Under Legislative References heading

Insert:

-

ITAA 1997 6-5

-

ITAA 1997 40-730(7)

This Addendum applies on and from today.

Commissioner of Taxation
2 March 2005

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

TR 96/5A