A private ruling relates to a particular situation and is issued when you encounter a specific situation where the legislation, or revenue ruling, is not clear and there is room for doubt as to how the legislation or ruling should be applied.
A private ruling can also be issued on drafts of a new form of a document that will be used on an ongoing basis.
In exceptional circumstances, a private ruling can be issued if a transaction is significant to the state economy.
Before you request a ruling, check:
Division 2, Part 6 of the Taxation Administration Act 1996 provides for the approval of special tax arrangements for lodging returns and paying tax.
To apply for a private ruling /Insurance – special tax arrangement you must outline the reason, the facts of the transaction or arrangement, and provide:
We aim to issue a private ruling/insurance duty – special tax arrangement within 60 days of receiving the application.