Document ID: chunk:federal_register_of_legislation:F2022L00047:clause:6_11
Version: federal_register_of_legislation:F2022L00047
Segment Type: clause
Provision Reference: sch 6 cl 11
Character Range: 24441–24963

11  Certain forestry managed investment schemes excluded
 (1) A project must be one in which no plantation forest is managed under a scheme:
 (a) that is a forestry managed investment scheme; and
 (b) that is designed in a way such that payments made by participants under the scheme could be deductible under section 394-10 of the ITAA.
 (2) In this section:
ITAA means the Income Tax Assessment Act 1997.
scheme, forestry managed investment scheme, and participant have the same meanings as in Division 394 of the ITAA.