Income tax: status of taxation rulings following the income tax law rewrite

TR 97/16 explains the implications for the Taxation Rulings System of the introduction of the Income Tax Assessment Act 1997 and the consequential amendments to the Tax Administration Act 1953 . In particular, the Ruling deals with how a Ruling about a section or other provision of the Income Tax Assessment Act 1936 (the 'old law') applies to a rewritten section or other provision in the Income Tax Assessment Act 1997 (the 'new law').

TR 97/16 is being withdrawn following the issue of Draft Taxation Ruling TR 2006/D6 and Draft Taxation Ruling TR 2006/D7 , which outline the system of public and private rulings following the enactment of the Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005 . To the extent that the Commissioner's views in TR 97/16 apply in respect of the new provisions, they have been incorporated into TR 2006/D6 and TR 2006/D7.