Taxation Administration Act 1953
View history note
Hide history noteNote: See section 3AA .
Chapter 5 - AdministrationThe applicant for a *private ruling under this Division may give *Industry Innovation and Science Australia a written notice requiring Industry Innovation and Science Australia to make the ruling if, at the end of 60 days after the application was made, Industry Innovation and Science Australia has neither: (a) made the ruling; nor (b) told the applicant that Industry Innovation and Science Australia has refused to make the ruling.
362-50(2)
The 60 day period mentioned in subsection (1) is extended in a circumstance applicable under the table by the extension period applicable to that circumstance. If 2 or more circumstances are applicable, ignore any overlap between the periods of extension.
| Extending the 60 day period | ||
| Item | If *Industry Innovation and Science Australia, during the 60 day period: | The 60 day period is extended by the number of days in this period: |
| 1 | requests further information under section 357-105 (as that section applies because of section 362-70 ) | the period starting on the day the information was requested and ending on the day it is received by *Industry Innovation and Science Australia |
| 2 | tells the applicant about assumptions *Industry Innovation and Science Australia proposes to make under section 357-110 (as that section applies because of section 362-70 ) | the period starting on the day *Industry Innovation and Science Australia tells the applicant and ending on the day on which Industry Innovation and Science Australia receives the applicant ' s response about the assumptions |
| 3 | tells the applicant about information provided by a third party that *Industry Innovation and Science Australia proposes to take into account under section 357-120 (as that section applies because of section 362-70 ) | the period starting on the day *Industry Innovation and Science Australia tells the applicant and ending on the day on which Industry Innovation and Science Australia receives the applicant ' s response about the information |
362-50(3)
If *Industry Innovation and Science Australia: (a) does not make the ruling within 30 days of the notice under subsection (1) being given; and (b) has not otherwise declined to make the ruling by the end of that period;
Industry Innovation and Science Australia is taken to have refused to make the ruling at the end of that period.
Note:
Decisions refusing to make such a ruling are reviewable under Part 5 of the Venture Capital Act 2002 .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
