Product Ruling PR 2001/170W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2001/170 is withdrawn with effect from today. The Product Ruling PR 2001/170 for the Lake Aquaculture Project issued on 19 December 2001. Paragraph 67 of the ruling states the ruling applies only to Growers who are accepted to participate in the Project on or before 31 December 2001. Paragraph 68 states a Grower's application will not be accepted and the Project will not proceed until the minimum subscription of 50 interests is achieved. The Product Ruling has no application to Investors in the Project. The Project did not proceed as the required minimum subscription was not achieved before 31 December 2001. Commissioner of Taxation 10 April 2002

Related rulings: IT 360 PR 1999/95 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TD 93/34 TR 98/22 TR 2000/8
Legislative references: TAA 1953 Part IVAAA ITAA 1936 Div 3 of Part III ITAA 1936 82KH(1) ITAA 1936 82KH(1F)(b) ITAA 1936 82KL ITAA 1936 82KZL ITAA 1936 82KZL(1) ITAA 1936 82KZM ITAA 1936 82KZM(1) ITAA 1936 82KZMA ITAA 1936 82KZMA(4) ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD ITAA 1936 82KZMD(2) ITAA 1936 82KZME ITAA 1936 82KZME(1) ITAA 1936 82KZME(1)(c) ITAA 1936 82KZME(2) ITAA 1936 82KZME(3) ITAA 1936 82KZME(3)(a) ITAA 1936 82KZME(4) ITAA 1936 82KZME(7) ITAA 1936 82KZMF ITAA 1936 82KZMF(1) ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 17-5 ITAA 1997 Div 27 ITAA 1997 Div 35 ITAA 1997 35-10 ITAA 1997 35-10(2) ITAA 1997 35-10(3) ITAA 1997 35-10(4) ITAA 1997 35-30 ITAA 1997 35-35 ITAA 1997 35-40 ITAA 1997 35-45 ITAA 1997 35-55 ITAA 1997 35-55(1) ITAA 1997 35-55(1)(a) ITAA 1997 35-55(1)(b) ITAA 1997 35-55(2) ITAA 1997 Div 70 ITAA 1997 70-15 ITAA 1997 70-35 ITAA 1997 Div 328 ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G ITAA 1997 328-105 ITAA 1997 328-105(1)(a) ITAA 1997 328-105(1)(b) ITAA 1997 328-105(2) ITAA 1997 328-285 ITAA 1997 328-285(1) ITAA 1997 328-285(2)
Case references: FCT v. Lau 84 ATC 4929 16 ATR 55
Subject references: carrying on a business commencement of business fee expenses interest expenses management fees producing assessable income product rulings public rulings taxation administration tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project