Refresher course

GHP 104 160 689 v FCT [2014] AATA 515

iNOW! has now covered a range of important interpretation themes.  This little R&D case on ‘feedstock expenditure’ conveniently discusses several of them (at [166]) – importance of the text; the Act as a whole; context and purpose; policy issues (especially preconceived policy); composite expressions (see above); and statutory definitions. 

A good way to refresh your understanding of things dealt with in previous episodes is to read relevant bits from this case – simply click on the link.  iTip – to learn more, read further into the case to see how these principles played out in a practical tax setting.            

This case is from Episode 5 of interpretationNOW!