Ruling Compendium TD 2010/7EC
Status: not legally binding







The edited version of the Compendium of Comments is a Tax Office communication that is not intended to be relied upon as it provides no protection from primary tax, penalties, interest or sanctions for non-compliance with the law. | In accordance with PS LA 2008/3 it only affords level 3 protection. | This is a compendium of responses to the issues raised by external parties to draft Taxation Determinations: | This compendium of comments has been edited to maintain the anonymity of entities that commented on the draft ruling. | ATO Response/Action taken | Oral comments relating to other Managed Investment Scheme (MIS) issues, primarily questioning whether further Determinations would be issued in relation to forestry MIS issues. | It should be noted that since the comments were received four Determinations, that is Taxation Determinations TD 20009/D13, 2009/D15, 2009/D15 and 2009/D16 concering forestry MIS issues have been issued. | The commentating entity supports the draft Determinations; however has concerns about the example used in TD 2009/D9. It believes that the example should remove the reference to the Commissioner's review and addendum as it is unnecessary for the Determination to state what is clearly acceptable. It also suggested that multiple examples would be better. | The example in TD 2010/7 has been adjusted and an additional example has been added. | The following two questions were asked: | The sort of issues that might arise from a change of RE, where the share of net proceeds to the RE increase, include: | A relevant example has been added to TD 2010/7.