Product Ruling

PR 2004/117W

Income tax: Great Southern Plantations 2006 Project - (Post 30 June Growers)

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FOI status:

may be released

Notice of Withdrawal

Product Ruling PR 2004/117 is withdrawn with effect from today.

1. Product Ruling PR 2004/117 sets out the Commissioner's opinion on the way in which certain tax laws apply to persons who take part in the Great Southern Plantations 2006 Project - (Post 30 June Growers) ('the Project'). This Ruling applied to Growers who were accepted to participate in the Project after 30 June 2006. The new Ruling will apply to Growers who are accepted to participate in the Project during the period from 1 July 2006 until 31 March 2007 (Post 30 June Growers) in relation to the deductibility of costs incurred for the year ended 30 June 2007.

2. As a result of changes to the prepayment rules, new species being introduced and the inclusion of new land, PR 2004/117 is now withdrawn. Product Ruling PR 2006/121 replaces PR 2004/117 and applies from 2 August 2006.

Commissioner of Taxation
2 August 2006

This Ruling has been replaced by PR 2006/121.

References

ATO references:
NO 2005/18404

ISSN: 1441-1172

Related Rulings/Determinations:

IT 360
TR 92/1
TR 92/20
TR 97/11
TR 97/16
TR 98/22
TR 2000/8
TR 2001/14
TD 93/34
PR 1999/95

Subject References:
advance deductions and expenses for certain forestry expenditure
carrying on a business
commencement of business
fee expenses
forestry agreement
interest expenses
management fees
non-commercial business activities
producing assessable income
product rulings
public rulings
seasonally dependent agronomic activity
tax avoidance
tax benefits under tax avoidance schemes
tax shelters
tax shelters project
taxation administration

Legislative References:
ITAA 1936 82KL
ITAA 1936 Pt III Div 3 Subdiv H
ITAA 1936 82KZL
ITAA 1936 82KZL(1)
ITAA 1936 82KZM
ITAA 1936 82KZMA
ITAA 1936 82KZMB
ITAA 1936 82KZMC
ITAA 1936 82KZMD
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)
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 35-55
ITAA 1997 35-55(1)(b)
ITAA 1997 Div 328
ITAA 1997 328-105
ITAA 1997 328-105(1)(a)
ITAA 1997 Subdiv 328-F
ITAA 1997 Subdiv 328-G
TAA 1953 Pt IVAAA
Copyright Act 1968

Case References:
Commission of Taxation v. Lau
(1984) 6 FCR 202
84 ATC 4929
(1984) 16 ATR 55

PR 2004/117W history
  Date: Version: Change:
  15 December 2004 Original ruling  
  2 March 2005 Consolidated ruling Addendum
You are here 2 August 2006 Withdrawn