Published on 01 Jun 03
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Shortly after the release of the Commissioner's draft GST ruling on general law partnerships (GSTR 2003/D4), the Commissioner issued a draft GST ruling on GST and 'tax law partnerships' (GSTR 2003/D5). A tax law partnership is a
partnership within the second limb of the definition of partnership, namely, 'an association of persons...in receipt of ordinary income or statutory income jointly'. There are several aspects of this draft ruling which
need to be noted, particularly as some of them would presumably be equally relevant for the purposes of income tax.