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31 Oct 12 PS LA 2005/8 (Market Valuations) withdrawn

On 30 October 2012, the ATO withdrew Practice Statement Law Administration PS LA 2005/8, entitled "Market Valuations", with effect from 4 October 2012.

The ATO says that the contents of this Practice Statement and purposes for its introduction have largely been subsumed into the publication - "Market valuation for tax purposes". Only paragraph 4 is not mirrored in the external publication "Market valuation for tax purposes", however the directions to go through the ATO Valuation Gatekeeper are now captured within Siebel. Accordingly, the ATO says that a replacement product is not required.


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