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Product Ruling

PR 2006/120W

Income tax: Kiri Park Project - NCL

Attention Please note that the PDF version is the authorised version of this ruling.
Attention This document has changed over time. View its history.

Exclamation This Ruling provides you with the following level of protection:

This publication (excluding appendices) is a public ruling for the purposes of the Taxation Administration Act 1953.

A public ruling is an expression of the Commissioner's opinion about the way in which a taxation provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes.

If you rely on this ruling, we must apply the law to you in the way set out in the ruling (or in a way that is more favourable for you if we are satisfied that the ruling is incorrect and disadvantages you, and we are not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you.


1. This Product Ruling is withdrawn and ceases to have effect after 30 June 2007. Even following its withdrawal, this Ruling continues to apply, in respect of the relevant provisions ruled upon, to all entities within the specified class who entered into the specified scheme between 19 April 2000 and before 3 March 2001 that is set out in paragraphs 13 to 40 of Product Ruling PR 2000/46. This is subject to there being no change in the scheme or in the entity's' involvement in the scheme.

Commissioner of Taxation

26 July 2006

Not previously issued as a draft


ATO references:
NO  2006/10132

ISSN: 1441-1172

Related Rulings/Determinations:
PR 2000/46
TR 2001/14

Subject references:
commissioner's discretion
non-commercial loss
product rulings

Legislative references:
ITAA 1997 Div 35
ITAA 1997 35-10
ITAA 1997 35-10(2)
ITAA 1997 35-55
ITAA 1997 35-55(1)(b)
TAA 1953
TAA 1953 Sch 1 357-75(1)
Copyright Act 1968

PR 2006/120W history   Top  
   Date   Version   Change 
   26 July 2006   Original ruling   
 You are here ®   1 July 2007   Withdrawn   


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