Which of the following statements is least correct?

 

1. Only the person named in a private ruling can rely on the ruling.

 

2.A person with simple tax affairs can apply for a binding oral ruling using an approved communication method.

 

3.The Commissioner issues public, private and product rulings.

 

4. Tax Determinations issued by the ATO which are recognised by the initials 'TD' are considered to be a public ruling.

 

5. Interpretive Decisions issued by the ATO which are recognised by the initials 'ID' are fully binding on the Commissioner.