Taxation Ruling

TR 93/33A2 - Addendum

Income tax: gold mining: tailing dumps as trading stock of gold tailings processors and gold mining operators

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Addendum

This Addendum amends Taxation Ruling TR 93/33 to reflect the changes to the law caused by the repeal of inoperative provisions.

Taxation Ruling TR 93/33 is amended as follows:

1. Paragraph 2

Omit: '(ITAA)' (where occurring); substitute 'ITAA 1997'.

2. Paragraph 12

(a) At the definition of 'abandonment', omit last dot point; substitute:

•

the effect of relevant State mining legislation.

(b) Omit the definition of 'gold mining operator'; substitute:

gold mining operator

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means a person who extracts gold from its natural site for the purpose of producing assessable income.

3. Paragraph 25

Omit the paragraph (including heading).

4. Legislative references

Omit:

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ITAA 1936 6(1)

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ITAA 1936 28

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ITAA 1997 330-30

This Addendum applies on and from 14 September 2006.

Commissioner of Taxation
20 October 2010

References

ATO references:
NO 1-1VBA03G