A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 6   Shorter period of review (SPOR) taxpayers

Part 1   Income Tax Assessment Act 1936

19   Subsection 14ZW(1A)

Repeal the subsection, substitute:

(1A) If a private ruling relates to a year of income for which a person is not a SPOR taxpayer, the person cannot lodge a taxation objection against the ruling after the end of whichever of the following ends last:

(a) 60 days after the private ruling was made;

(b) 4 years after the last day allowed to the person for lodging a return in relation to the person's income for that year of income.

(1AA) If a private ruling relates to a year of income for which a person is a SPOR taxpayer, the person cannot lodge a taxation objection against the ruling after the end of whichever of the following ends last:

(a) 60 days after the private ruling was made;

(b) 2 years after the last day allowed to the person for lodging a return in relation to the person's income for that year of income.