A class ruling comes under the public ruling type and it explains about the relevant provision of tax law will be applied for particular participants under specific scheme. The main aim of this ruling is to bestow clear information to applicants and to avoid to move for private ruling by the applicants. If participants want to discuss before applying for a class ruling like other ruling they want to submit request in early engagement. A person can apply for the class ruling if they require advice related to the tax for example if:
• An employer wants to know about retention bonuses for specific class of employee
• An employer wants to know about bona fide redundancy scheme
• An employer wants to know about share acquisition scheme for an individual employee
• A company looking for advice regarding shareholders restructure, consolidation or a split of its shares.