Product Ruling

PR 2009/4ER - Erratum

Income tax: FEA Plantations Project 2008 Late Grower - Option 4 Unit

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Erratum

This Erratum corrects Product Ruling PR 2009/4 by correcting the percentage used to calculate the Management Fee and Rent and correcting the terminology of paragraph 81.

PR 2009/4 is corrected as follows:

1. Paragraph 34

(a)

Omit from the table '3.3%'; substitute '3%'.

(b)

Omit from the table '13.2%'; substitute '12%'.

(c)

Omit from the table '7.7%'; substitute '7%'.

2. Paragraph 81

Omit the second, third and fourth dot points; substitute:

•

a Management Fee of 3% of the Gross Harvest Proceeds;

•

Rent of 12% of the Grower's proportionate share of the Gross Harvest Proceeds in Option 1 and 2 Woodlots;

•

Rent of 7% of the Grower's proportional share of the Gross Harvest Proceeds in Option 3 Woodlot; and

This Erratum applies on and from 25 February 2009.

Commissioner of Taxation
8 April 2009

References

ATO references:
NO 2006/20258