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Common sense at the ATO?

29 Oct 1010 Common sense at the ATO?

MEMBER 328 writes:

"Common sense is a recent innovation at the ATO. Several years ago I had to resolve a CGT issue, and recalled the Commissioner speaking of the use of 'common sense' in the application of legislation in relation to that particular issue.

I had not recorded the source, and decided to use the ATO web search engine to locate the speech by searching those very key words 'common sense'. I recall my mirth when the result bounced back that 'common sense could not be found' at the ATO."