A public ruling, when issued, is the published view of the Commissioner of State Revenue (the Commissioner) on the particular topic to which it relates. It therefore replaces and overrides any existing private rulings, memoranda, manuals and advice provided by the Commissioner in respect of the issue(s) it addresses.
Where a change in legislation or case law (the law) affects the content of a public ruling, the change in the law overrides the public ruling—that is, the Commissioner will determine the tax liability or eligibility for a concession, grant or exemption, as the case may be, in accordance with the law.
the amount of any liabilities assumed under the transaction, including an obligation, whether contingent or otherwise, to pay any unpaid purchase money payable under an agreement for the transfer of dutiable property.
Commissioner of State Revenue
Date of issue: 23 June 2016
|Public Ruling||Issued||Dates of effect|
|DA012.3.1||23 June 2016||23 June 2016||Current|
|Supersedes Practice Direction DA 6.1||1 March 2002||1 March 2002||23 February 2009|