Taxation Ruling

IT 2512A - Addendum

Income tax: financing unit trusts

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FOI status:

NOTICE OF ADDENDUM

This Addendum amends Taxation Ruling IT 2512 as follows:

1.

Omit 'subsection 25(1)' (wherever occurring); substitute 'section 6-5 of the Income Tax Assessment Act 1997'.

2.

Omit 'section 25A' (wherever occurring); substitute 'section 15-15 of the Income Tax Assessment Act 1997'.

3.

Paragraph 9 - Omit 'Division 10D of Part III of the Act'; substitute 'Division 43 of the Income Tax Assessment Act 1997'.

4.

After paragraph 31 - Insert: 'NOTE: Sections 6-5 and 15-15 and Division 43 of the Income Tax Assessment Act 1997, to which this Ruling refers, express the same ideas as subsection 25(1), section 25A and Division 10D of Part III, respectively, of the Income Tax Assessment Act 1936'.

Commissioner of Taxation
2 July 1997

References

ATO references:
NO NAT 97/2191-6

Related Rulings/Determinations:

IT 2512

Legislative References:
ITAA 97 6-5
ITAA 97 15-15
ITAA 97 Div 43