What this addendum covers
The Australian Taxation Office has published an addendum to Law Companion Ruling LCR 2019/3, which deals with the OECD hybrid mismatch rules and the concept of a 'structured arrangement'.
What has changed
The addendum makes drafting and accessibility corrections only. The substance and meaning of the ruling have not changed. Corrections include:
- A typo fix - 'positon' corrected to 'position'
- A section number correction - section 832-110 changed to section 832-210
- Updated footnote wording
- Standardised spelling of 'Organisation for Economic Co-operation and Development'
Effective date
The addendum applies from 1 January 2019, backdated to the same start date as the original ruling.
Corrected section reference
For those relying on LCR 2019/3 in relation to hybrid mismatch arrangement advice, the correct provision is section 832-210 of the ITAA 1997, not section 832-110 as previously written in the ruling.
Where to find the updated ruling
The authorised version of the updated ruling is available at the ATO website: LCR 2019/3A1 on the ATO Legal Database.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.