Product Ruling

PR 2000/100A2 - Addendum

Income tax: 2001 Timbercorp Olive Project

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FOI status:

may be released

Addendum

The applicant has requested that the date set down in PR 2000/100 by which it may accept applicants into the Project, is to be extended to 30 June 2001. The Applicant has provided supporting documentation advising that the Manager will be able to complete the management services by 30 June 2001. The Applicant will monitor its ability to complete these services on a daily basis and will not accept applications for any grovelots where it is apparent that it will not be able to complete these services by 30 June 2001

At paragraph 14, delete:

correspondence from Applicant dated 1 June 2000, 6 June 2000, 16 June 2000, 14 July 2000, 17 July 2000, 19 July 2000, 10 August 2000, 14 August 2000 and 31 August 2000.

and replace with:

correspondence from Applicant dated 1 June 2000, 6 June 2000, 16 June 2000, 14 July 2000, 17 July 2000, 19 July 2000, 10 August 2000, 14 August 2000, 31 August 2000 and 21 May 2001.

At paragraph 47 after '31 May 2001' add:

or a later date determined by Timbercorp Securities in respect of particular grovelots where it is satisfied that it will be able to complete the management services in respect of those grovelots by 30 June 2001.

Commissioner of Taxation
13 June 2001

References

ATO references:
NO T2000/13746