Private rulings and special tax arrangements

About private rulings

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:

• our revenue rulings to get information you’re after
• Commissioner’s practice notes
• Revenue Ruling G006 for more information on private rulings

Insurance duty – special tax arrangement

Division 2, Part 6 of the Taxation Administration Act 1996 provides for the approval of special tax arrangements for lodging returns and paying tax.

• Consideration will be given to approving a special tax arrangement where an insurer encounters significant difficulties in meeting their obligations by a payment due date.
• If applying for an insurance duty – special tax arrangement, you should provide a detailed explanation of the difficulty being encountered and why the proposed arrangement should be approved.

Apply for a private ruling/insurance duty – special tax arrangement

To apply for a private ruling /Insurance – special tax arrangement you must outline the reason, the facts of the transaction or arrangement, and provide:

• your interpretation of the application of the relevant legislation to the issue
• supporting arguments and any relevant case law and
• a draft or unexecuted documents where appropriate.

We aim to issue a private ruling/insurance duty – special tax arrangement within 60 days of receiving the application.