Determining whether the ATO's views of the law should be applied prospectively only

What this practice statement is about

Applying the ATO view of the law - general principles

Applying the ATO view of the law - prospectively only

Consider previous ATO publications and conduct

Consider relevant factors

Is there an alternative view or industry practice?

Seeking assistance from the Tax Counsel Network

Approval for decisions made in relation to applying the ATO view of the law

Approval for changing an existing ATO view or general administrative practice

Communicating the decision

What happens if the taxpayer does not agree with the decision?

Exceptions to the general rule that the law will apply from the date of effect of the relevant legislation

Powers of general administration

Examples