Product Ruling PR 2001/90W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2001/90 is withdrawn with effect from today. 1. Product Ruling PR 2001/90 sets out the Commissioner's opinion on the tax consequences for persons participating in the Exotic Timbers of Australia NT3 Project (the Project) by entering into a Licence and Management Agreement for the purpose of carrying on a commercial agro-forestry project. 2. We have reviewed the Project and determined that the arrangement, as implemented, is materially different from that described in the Ruling on the following grounds: 3. As a result, Product Ruling PR 2001/90 has no application as it does not rule on the tax consequences for any taxpayer. 4. Growers who were accepted to participate in the Project cannot rely on Product Ruling PR 2001/90. Commissioner of Taxation 8 October 2003

Related rulings: TR 97/11 TR 97/16 PR 1999/95 TR 92/1 TR 92/20 TD 93/34 TR 98/22 IT 2001
Legislative references: ITAA 1997 Part 2-25 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 42-15 ITAA 1997 387-B ITAA 1997 387-125 ITAA 1997 387-C ITAA 1997 387-125 ITAA 1997 387-165 ITAA 1997 387-185 ITAA 1997 387-210 ITAA 1997 388-55 ITAA 1997 Subdiv 960-Q ITAA 1997 960-335 ITAA 1997 960-340 ITAA 1997 960-345 ITAA 1997 960-350 ITAA 1936 82KH(1) ITAA 1936 82KH(1F)(b) ITAA 1936 82KL ITAA 1936 82KL(1) 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(2) ITAA 1936 82KZME(3) ITAA 1936 82KZME(4) ITAA 1936 82KZME(7) ITAA 1936 82KZMF ITAA 1936 82KZMF(1) ITAA 1936 Part IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b)