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Private rulings and special tax arrangements

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.

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About private rulings

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:

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.

Apply for a private ruling or Insurance – special tax arrangement

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