Product Ruling

PR 2004/81W

Income tax: tax consequences of investing in the Provident Capital Retirement Booster Debenture

Please note that the PDF version is the authorised version of this withdrawal notice.

This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

may be released

Preamble

The number, subject heading, What this Product Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal,, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953. Product Ruling PR 1999/95 explains Product Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a 'public ruling' and how it is binding on the Commissioner.

Withdrawal

1. This Product Ruling is withdrawn and ceases to have effect after 30 June 2007. The Ruling continues to apply, in respect of the tax law(s) ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, who entered into the specified arrangement prior to withdrawal of the Ruling. This is subject to there being no material difference in the arrangement or in the persons' involvement in the arrangement.

Commissioner of Taxation
11 August 2004

Not previously issued as a draft.

References

ATO references:
NO 2003/5218

ISSN: 1441-1172

Related Rulings/Determinations:

PR 1999/95
TR 92/1
TR 92/20
TR 95/33
TR 97/16
TD 93/34

Subject References:
financial products
interest expenses
product rulings
public rulings
taxation administration

Legislative References:
ITAA 1997 6-5
ITAA 1997 8-1
ITAA 1997 25-25
ITAA 1997 25-25(1)
ITAA 1997 25-25(3)
ITAA 1997 25-25(4)
ITAA 1997 25-25(5)
ITAA 1936 51(1)
ITAA 1936 Pt IVA
TAA 1953 Pt IVAAA
Copyright Act 1968

Case References:
FCT v. James Flood Pty Ltd
(1953) 5 AITR 579
88 CLR 492

Fletcher & Ors v. FC of T
(1991) 173 CLR 1

PR 2004/81W history

	Date:	Version:	Change:
	11 August 2004	Original ruling
You are here	1 July 2007	Withdrawn

Copyright notice

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