tax law

10 key principles when interpreting contractual documents

The ATO has released on its legal database a series of what until recently have been internal ATO documents. The release of these documents in an initiative that the ATO has labelled “iNOW!” (a contraction of “interpretation now”) and is, according to assistant commissioner Gordon Brysland, “a reinvention initiative to drive awareness on what is

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Funding litigation costs for tax cases

The ATO says it can help fund your client’s reasonable litigation costs if the outcome of their case will affect a significant number of taxpayers by: Funding litigation costs for tax cases clarifying the law, and/or developing legal precedent. Its test case litigation program was established to fund cases that have broader implications beyond individual

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Modernising the ATO’s existing public rulings

The ATO has produced a large number of public rulings over many years. Although most are current, many have not been updated in a very long time. To address this situation it has announced a program of modernisation of its database of rulings under its new “advice under development” program. This initiative allows practitioners to

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ATO improves and streamlines private ruling applications

During one of its regular reviews of private advice, the ATO says it discovered that tax practitioners have tended to spend a lot of time drafting proposed rulings, which ATO staff then subsequently revise and/or amend. Responding to practitioner feedback, the ATO has decided to ramp up its efforts to streamline the process. It says

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