Section 58

Making a private ruling (TPA 2nd Sch Para 20)

(1) The Commissioner shall make a private ruling by serving written notice of the ruling on the applicant. 

(2) The Commissioner may make a private ruling on the basis of assumptions about a future event or other matter as considered appropriate. 

(3) A private ruling shall set out the matter ruled on, identifying – 

• (a) the registered person; 
• (b) the specific section relevant to the ruling; 
• (c) the tax period to which the ruling applies;
• (d) the arrangement to which the ruling relates; and (e) any assumptions on which the ruling is based. 

(4) A private ruling shall be effective from date the applicant is served with notice of the ruling and shall remain in force for the period specified in the ruling.


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