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:
- (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%'.
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
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