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22 Jun 10 Legislation expands tax rulings regime

In media release No 2010/10, issued 21 June 2010, the ATO advised that following the passage of Tax Laws Amendment (2010 GST Administration Measures No 2) Bill 2010 on 17 June 2010, the general rulings system will expand to include excise, GST and other indirect taxes from 1 July 2010.

The Commissioner, Michael D’Ascenzo, said one implication of the new regime would be that GST advice previously sent to industry associations for the benefit of their members will no longer have the same effect as public rulings.

“To minimise the impact on taxpayers, the ATO will not undertake any compliance activities for the next 12 months where taxpayers relied on GST advice sent to industry associations for dissemination to their members that was not published on,” Mr D’Ascenzo said.

“These arrangements will only apply where taxpayers have relied on the advice and the subject of the advice is not also covered by a later public ruling.”

This means that the ATO will not undertake compliance activities such as audits or reviews on issues of this nature. The arrangements will apply to the 2010­11 and earlier financial years.


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