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Information required for a product ruling application – forestry Division 394

Information to help prepare a product ruling application – Division 394 forestry managed investment schemes.

Last updated 27 October 2016

Use the Division 394 application checklist if you are applying for a product ruling for a forestry managed investment scheme within Division 394 of the Income Tax Assessment Act 1997 (ITAA 1997).

The majority of terms referred to in this application checklist take their meaning from Division 394 of the ITAA 1997 and are generally shown in inverted commas.

To download this form to your computer, right click on the link and select 'Save (link) target as'. You will be able to complete this form on your computer.

Complete the downloadable form and checklist for all product ruling applications that seek binding taxation advice on amounts paid by 'initial participants' to the 'forestry manager' of a 'forestry managed investment scheme' within Division 394 of the ITAA 1997.

The information you provide in this form and checklist forms part of your application. We require full disclosure for all documents relating to the scheme you seek a ruling for. If you do not provide enough information or if you fail to adequately address the question your application will be invalid.

If your application is invalid, we will contact you or your agent. So that applicants who submit valid applications are not disadvantaged, we will not start work on your applications until we receive missing or incomplete information and your application is confirmed as valid. Significant delays in providing missing or incomplete information means the product ruling will be delayed, or may be refused.

If you require any assistance, you can contact us via email.

When requested, we can hold discussions with applicants and their representatives before you submit a product ruling application. This allows us to canvas issues without prejudice, to assist the applicant prepare the product ruling application and reduce compliance costs.

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