S 24C repealed by No 161 of 2005, s 3 and Sch 2 item 15, applicable to things done on or after 1 January 2006. S 24C formerly read:
EFFECT OF PRIVATE RULING ON GRANTS OR BENEFITS
24C(1)
Expressions used in this section have the same meanings as in Part IVAA of the
Taxation Administration Act 1953
.
24C(2)
Subject to section 24D, if:
(a)
there is a private ruling on the way in which a product grant or benefit law applies to you in respect of a claim period in relation to an arrangement (the
ruled way
); and
(b)
that law applies to you in respect of that period in relation to that arrangement in a different way; and
(c)
the amount of the grant or benefit under an assessment in relation to you would (apart from this section and section 24D) be less than it would have been if that law applied in the ruled way;
the grant or benefit must be what they would be if that law applied in the ruled way.
S 24C inserted by No 54 of 2003, s 3 and Sch 1 item 20, effective 1 July 2003. For application and transitional provisions, see note under definition of ``electronic signature'' in s 5.