Product Ruling

PR 2001/48A - Addendum

Income tax: Forestry Bond 2001

FOI status:

May be released

Notice of Addendum

The Applicant has requested that the deadline set out in PR 2001/48 be extended. The Applicant has confirmed that they will not accept applications into the Project unless all services that are to be provided to Growers by 30 June 2001 can be completed in the required timeframe.

At paragraph 14,

delete:

Additional correspondence from the Applicant dated 16 March 2001.

and replace with:

Additional correspondence from the Applicant dated 16 March 2001, 22 May 2001 and 29 May 2001.

At paragraph 20,

delete:

20. The Prospectus states that there is no minimum subscription for this Project.

and replace with:

20. The Prospectus states that there is no minimum subscription for this Project. The Responsible Entity will only accept and execute agreements for investors who lodge applications between 1 June 2001 and 30 June 2001 where the Plantation Establishment Services are capable of being completed by 30 June 2001. The Responsible Entity will be monitoring on a daily basis, its ability to complete the Plantation Establishment Services by 30 June 2001.

At paragraphs 20, 31, 32, 33, 35, 40, 41, 42, and 43 delete:

31 May 2001

and replace with:

30 June 2001

Commissioner of Taxation
13 June 2001

References

ATO references:
NO T2000/13746

ISSN: 1039-0731