Taxation Ruling

TR 94/13A1 - Addendum

Income tax: cotton growers - trading stock and derivation of income under various selling options

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Addendum

This Addendum amends Taxation Ruling TR 94/13 to reflect the changes to the law resulting from the repeal of inoperative provisions by the Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006.

Taxation Ruling TR 94/13 is amended as follows:

1. Subparagraph 1(i)

(a)

Omit 'Income Tax Assessment Act 1936 (the Act)'; substitute 'Income Tax Assessment Act 1997 (ITAA 1997)^[1]'.

(b)

Omit '. This Ruling supersedes Taxation Ruling IT 2150, which is now withdrawn'.

2. Subparagraph 1(ii)

Omit 'subsection 25(1) of the Act'; substitute 'section 6-5'.

3. Paragraphs 2 and 3

Omit 'for the purposes of the Act' where occurring.

4. Paragraph 5

Omit 'section 28 of the Act'; substitute 'section 70-35'.

5. Paragraph 6

Omit 'section 28'; substitute 'section 70-35'.

6. Paragraph 36

Omit '1994' where occurring; substitute '2008'.

7. Legislative references

Omit the references; substitute:

-

ITAA 1997 6-5; ITAA 1997 70-35

This Addendum applies on and from 14 September 2006.

Commissioner of Taxation
20 October 2010

References

ATO references:
NO 1-22VGMFI