91CC Binding rulings on certain determination matters

(1)

For the purposes of the financial arrangements rules in subpart EW of the Income Tax Act 2007, the Commissioner may make a binding ruling on how a taxation law applies, or would apply, to a person and an arrangement in relation to the following matters:

(a)

whether an amount is solely attributable to an excepted financial arrangement under section EW 6:

(b)

the use of a spreading method described in section EW 14(2)(aa) to (e) for the purposes of sections EW 15E and EW 15I:

(c)

the value of property or services referred to in section EW 32(6).

(2)

For the purposes of subsection (1), it does not matter whether the arrangement is a single or recurring arrangement.

Section 91CC: inserted, on 18 March 2019, by section 55 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).