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.
ABC Co Ltd (ABC) is a listed corporation of which XYZ Co Pty Ltd (XYZ) is a wholly owned subsidiary. XYZ is a landholder. ABC transfers all shares in XYZ to the shareholders of ABC.
Deputy Commissioner of State Revenue
Date of issue: 30 June 2011
|Public Ruling||Issued||Dates of effect|
|DA164.1.2||30 June 2011||1 July 2011||Current|
|DA164.1.1||3 July 2009||3 July 2009||30 June 2011|