Product Ruling PR 2002/106W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2002/106 is withdrawn with effect from today. 1. Product Ruling PR 2002/106 set out the Commissioner's opinion on the way in which certain tax laws apply to persons who take part in the Margaret River Watershed Premium Wine Project - Supplementary Prospectus ('the Project'). PR 2002/106 applied to persons who were accepted to participate in the Project between 31 July 2002 and 19 January 2003. 2. As a result of discussions between the promoter and the Australian Securities and Investment Commission, the arrangement for this Project has been amended and new contracts have now been executed between the Growers and the Responsible Entity. 3. The new arrangement is dealt with by PR 2003/47 which issues today. Commissioner of Taxation 25 June 2003 This Ruling has been previously released as PR 2001/177 This Ruling has been replaced by PR 2003/47

Related rulings: TR 2000/8 PR 1999/95 PR 2001/177 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TD 93/34 TR 98/22 IT 360
Legislative references: TAA 1953 Pt IVAAA ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 17-5 ITAA 1997 Division 27 ITAA 1997 Division 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 40-535 ITAA 1997 Div 70 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)(b) ITAA 1997 328-285 ITAA 1997 328-285(1) ITAA 1997 328-285(2) ITAA 1936 Pt III - Div 3 ITAA 1936 82KL ITAA 1936 82KZL ITAA 1936 82KZL(1) 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 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b)
Case references: FCT v. Lau 84 ATC 4929 16 ATR 55
Subject references: carrying on a business commencement of business primary production primary production expenses management fee expenses producing assessable income product rulings public rulings schemes and shams taxation administration tax avoidance tax benefits under tax avoidance schemes tax shelters