Taxation Ruling
IT 2045W - Withdrawal
Income tax: interest withholding tax - withdrawal of Australian entity/AIDC exemption
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNOTICE OF WITHDRAWAL
Taxation Ruling IT 2045 is withdrawn with effect from today.
1. Sections 128EA and 128G of the Income Tax Assessment Act 1936 only apply to loans raised pursuant to commercial obligations entered into prior to 20 May 1983, and section 128GA of the Income Tax Assessment Act 1936 applies to loans raised prior to 1 July 1986. They were made inoperative by the Income Tax Assessment Amendment Act (No. 2) 1983 (Act No. 25 of 1983) and sections 25, 27 and 28 of the Taxation Laws Amendment Act (No. 3) 1986 (Act No. 112 of 1986).
2. IT 2045 was the subject of a Notice of Archival on 9 December 1993.
3. IT 2045 is now being withdrawn in accordance with paragraph 5 of Addendum No. 3 to Taxation Ruling IT 1 Taxation Ruling System: explanation and status, which states:
We will withdraw progressively all Rulings in the IT series for which we have issued Notices of Archival.
Commissioner of Taxation
7 June 2006