Product Ruling

PR 2002/39A - Addendum

Income tax: Australian Growth - Timber Project No. 4

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FOI status:

Addendum

Product Ruling PR 2002/39 is amended with effect from today.

Delete paragraph 22

and replace with the below:

22. The Prospectus states that there is no minimum subscription for this Project, however applications made under the Prospectus will not be accepted after 31 May 2002, or the date of expiry of the Prospectus whichever is the earlier. Each investor may subscribe for a minimum of one Woodlot, at a cost of $6,050 per Woodlot under Plan A, and $5,500 under Plans B and C. Where Growers lodge their application on or before 31 May 2002, a minimum of 1,000 seedlings or trees will be planted per Woodlot (1,000 seedlings or trees per hectare) on or before 31 October 2002 (Item 1.1.2, Schedules 2, 3, and 4).

Commissioner of Taxation
24 April 2002

References

ATO references:
NO T2001/000344