30 Apr 099 Notification requirements under s 105-55 of Schedule 1 TAA 1953 - MT 2009/1This final Miscellaneous Taxation Ruling was issued on 29 April 2009. It was previously released in draft form as MT 2008/D4. Its full title is "Miscellaneous taxes: notification requirements for an entity under section 105-55 of Schedule 1 to the Taxation Administration Act 1953".
Tax Laws Amendment (2008 Measures No 3) Act 2008 amended s 105-55 of Schedule 1 to the TAA with effect from 1 July 2008. The application of the amendments to refunds, other payments or credits to which an entity was entitled before 1 July 2008 depends on whether a notification of the entitlement was provided before 1 July 2008. The Commissioner's views in this Ruling in relation to the validity of s 105-55 notifications are also applicable to notifications for the purposes of the application of these amendments.
For a copy of MT 2009/1, go here.
For ATO information on what needs to be done, go here.