Pt IVAA repealed by No 161 of 2005, s 3 and Sch 2 item 16, applicable to things done on or after 1 January 2006. No 161 of 2005, s 3 and Sch 2 items 28 to 31, contains the following transitional provisions:
28 DEFINITION OF
COMMENCEMENT DAY
28
In this Part:
commencement day
means the later of:
(a)
the day on which this Act receives the Royal Assent; and
(b)
1 January 2006.
[
CCH Note:
The Act received assent on 19 December 2005.] =
29 STATUS OF EXISTING RULINGS
(1)
A public ruling in force immediately before the commencement day under Part IVAAA of the
Taxation Administration Act 1953
has effect, on and after that day, as if it were a public ruling made under Division
358
in Schedule
1
to that Act as amended by this Act.
(2)
A private ruling in force immediately before the commencement day under Part IVAA of the
Taxation Administration Act 1953
has effect, on and after that day, as if it were a private ruling made under Division
359
in Schedule
1
to that Act as amended by this Act.
(3)
An oral ruling in force immediately before the commencement day under Division
360
in Schedule
1
to the
Taxation Administration Act 1953
has effect, on and after that day, as if it were an oral ruling made under Division
360
in Schedule
1
to that Act as amended by this Act.
(4)
A ruling to which this item applies is taken to have been made on the day on which it was originally made.
30 INCONSISTENT RULINGS
(1)
The rules in the table in subsection
357-75(1)
in Schedule
1
to the
Taxation Administration Act 1953
do not apply to work out the effect of 2 inconsistent rulings if both of them were originally made before the commencement day.
(2)
Instead, the inconsistency rules that existed immediately before the commencement day are to be applied.
Note:
See former sections
170BC
to
170BDC
of the
Income Tax Assessment Act 1936
for the old inconsistency rules.
31 PENDING APPLICATIONS
(1)
An application for a private ruling or an oral ruling under the
Taxation Administration Act 1953
made before the commencement day and not decided before that day has effect on and after that day as if it were an application for a private ruling under Division
359
, or for an oral ruling under Division
360
, in Schedule
1
to that Act as amended by this Act.
(2)
The application is taken to have been made on the day on which it was originally made.
Pt IVAA inserted by No 101 of 1992.
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