Collapse of agribusiness managed investment schemes: participant information

How changes to your scheme affect you

This information explains how changes to your agribusiness managed investment scheme (agribusiness MIS) may affect your income tax deductions.

This information is relevant to you if all of the following apply:

• you hold an interest in an agribusiness MIS, for example forestry, horticulture or aquaculture
• you have a product ruling from us about the agribusiness MIS arrangement
• your agribusiness MIS has undergone changes as a result of financial difficulties being experienced by the agribusiness MIS manager (or responsible entity)
• you continue to hold the interest and the agribusiness MIS has not been terminated.

We are working closely with the responsible entities, administrators and liquidators to understand the changes for specific projects, and to determine the tax outcomes for participants in the various MIS.

We will communicate these specific tax outcomes to investors in the form of withdrawal notices, addendums or new product rulings.

	If your agribusiness MIS has terminated early, you can find more information about how this affects you in: Early termination of an agribusiness (forestry) managed investment scheme (MIS) Early termination of an agribusiness (non-forestry) managed investment scheme (MIS).
	This is general information only. Your product ruling will be amended or withdrawn and replaced by another ruling where changes to the agribusiness MIS are significant enough to affect your tax outcomes. You should check the addendum, withdrawal notice or new product ruling for specific guidance relevant to your investment in the agribusiness MIS.

Sections within Ongoing operation of an agribusiness managed investment scheme

• How changes to your scheme affect you
• What is an agribusiness MIS?
• What happens to deductions you have claimed in earlier years?
• Changes that can affect your agribusiness MIS
• Non commercial loss (NCL) rules