16 Oct 1414 PS LA 2007/5 (Settlements) withdrawn and replaced by revised Code of Settlement
On 15 October 2014, the ATO withdrew Practice Statement PS LA 2007/5 entitled "Settlements".
It has been withdrawn with effect from the 15 October 2014 and been replaced by the Code of Settlement.
The following appears under the heading "What this code is about":
"This code sets out the ATO policy on the settlement of taxation and superannuation disputes, including disputes involving debt.
The ATO is committed to working with taxpayers to resolve disputes as early and cooperatively as possible.
At all times ATO officers involved in settlements will act with integrity."
The code contains a link to model settlement deeds.
For the ATO's "Practical guide to the ATO Code of Settlement" document, go here