Product Ruling

PR 2006/46ER - Erratum

Income tax: ITC Sandalwood Project 2006 - Post 30 June 2006 Growers

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Erratum

Product Ruling PR 2006/46 was inadvertently published with wording missing in paragraph 53. This Erratum corrects that error.

PR 2006/46 is corrected as follows:

1. Paragraph 53

Omit the paragraph; substitute:

53. This Ruling applies only to Growers who are accepted to participate in the Project on or before 30 June 2007 and who have executed a Management Agreement and a Land Agreement or an Agreement to enter into a Land Agreement on or before that date. The Grower's participation in the Project must constitute the carrying on of a business of primary production.

This Erratum applies on and from 12 April 2006.

Commissioner of Taxation
31 May 2006

References

ATO references:
NO 2005/18404