29 Mar 10 IGOT releases terms of reference on ATO’s administration of class rulings
Following the release of his Update to Work Program 2009-2010 on 11 March 2010, the Inspector-General of Taxation (IGOT) has now released the Terms of Reference & Submission Guidelines for his review into the ATO’s administration of class rulings.
The IGOT will investigate whether there are issues with the administration of class rulings and make any necessary recommendations which, when addressed, will improve the ATO’s class rulings framework. This will include the identification of practices that promote the early finalisation of these rulings and minimise the costs of compliance.
Submissions close on 30 April 2010.