Taxation Ruling

IT 353A - Addendum

Meaning of mining operations for purposes of Division 10. Open cut workings for wining kaolin

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FOI status:

may be released

ADDENDUM

The Tax Law Improvement Project is restructuring, renumbering and rewriting the income tax law in plain language. The Parliament is amending the income tax law progressively to reflect these aims. As new laws come into effect, Taxation Rulings about old laws are being brought into line with them.

This Addendum amends Taxation Ruling IT 353, in relation to the 1997-98 or a later income year, as follows:

1. Title

Omit 'Division 10'; substitute 'Division 330'.

2. PREAMBLE

Omit 'Division 10 of the Income Tax Assessment Act'; substitute 'Division 330 of the Income Tax Assessment Act 1997'.

3. Paragraph 4

Omit 'Division 10'; substitute 'Division 330'.

4. After Paragraph 4

Insert:

' Note : Division 330 of the Income Tax Assessment Act 1997, to which this Ruling refers, expresses the same ideas as Division 10 of the Income Tax Assessment Act 1936.'

Commissioner of Taxation
30 July 1997

References

ATO references:
NO NAT 97/5088-6

ISSN 0813 - 3662

Related Rulings/Determinations:

IT 353

Legislative References:
ITAA97 Division330

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