Published on 01 Mar 00
by THE TAX INSTITUTE
Joint submission by the Institute of Chartered Accountants in Australia, the Taxation Institute of Australia, the Australian Society of CPAs and the Australian Taxpayers Association. Comments on Draft Tax Ruling TR 1999/D17 Necessitous Circumstances Fund. Comments on the Ruling 1. There is no objection to the intention of the draft ruling to clearly establish the meaning of the key concepts involved in determining whether a fund has been established and maintained for the relief of persons in Australia who are in necessitous circumstances.
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
AUSTRALIAN SOCIETY OF CERTIFIED PRACTISING ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA