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Product Ruling

PR 1999/37W

Income tax: Australian Olives Project No 2

  • Please note that the PDF version is the authorised version of this withdrawal notice.
    This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

May be releasedFOI number: I 1019619

Preamble

The number, subject heading, and the What this Product Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 . Product Ruling PR 1999/95 explains Product Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a public ruling and how it is binding on the Commissioner.

Withdrawal

1. This Product Ruling is withdrawn and ceases to have effect after 5 January 2000. The Ruling continues to apply, in respect of the tax laws ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, who entered into the specified arrangement prior to withdrawal of the Ruling. This is subject to there being no material difference in the arrangement or in a persons' involvement in the arrangement.

Commissioner of Taxation
26 May 1999

No draft issued

References

ATO references:
NO 99/659-9

ISSN 1441 - 1172

Related Rulings/Determinations:

PR 98/1
TR 93/34
TR 98/3
TR 92/1
TR 94/25
TR 97/11
TR 97/16

Subject References:
carrying on a business
commencement of business
fee expenses
management fees expenses
primary production
primary production expenses
producing assessable income
product rulings
public rulings
schemes and shams
taxation administration
tax avoidance
tax benefits under tax avoidance schemes
tax shelters
tax shelters project

Legislative References:
ITAA1936 44(1)
ITAA1936 82KH(1)
ITAA1936 82KH(1F)(b)
ITAA1936 82KL
ITAA1936 82KL(1)
ITAA1936 82KZM
ITAA1936 Pt IVA
ITAA1936 177A
ITAA1936 177C
ITAA1936 177D
ITAA1936 177D(b)
ITAA1997 6-5
ITAA1997 8-1
ITAA1997 25-25
ITAA1997 387-A
ITAA1997 387-55
ITAA1997 387-60
ITAA1997 387-B
ITAA1997 387-125
ITAA1997 387-130
ITAA1997 387-C
ITAA1997 387-165
ITAA1997 387-170
ITAA1997 387-170(3)
ITAA1997 387-185

Case References:
Amalgamated Zinc (de Bavay's) Ltd v. FC of T
(1935) 54 CLR 295


Charles Moore & Co (WA) Pty Ltd v. FC of T
(1956) 95 CLR 344

Cliffs International Inc v. FC of T
(1979) 9 ATR 507

Colonial Mutual Life Assurance Society Ltd v. FC of T
(1953) 89 CLR 428

FC of T v. Brand
(1995) 31 ATR 326
95 ATC 4633

FC of T v. Maddalena
(1971) 2 ATR 541
71 ATC 4161

FC of T v. Osborne
(1990) 21 ATR 888
90 ATC 4889

FC of T v. Raymor (NSW) Pty Ltd
(1990) 21 ATR 458
90 ATC 4461

FC of T v. Riverside Road Lodge Pty Ltd (in Liq)
(1990) 23 FCR 305
(1990) 21 ATR 499
90 ATC 4567

FC of T v. DP Smith
(1981) 11 ATR 538
81 ATC 4114

FC of T v. South Australian Battery Makers
(1978) 140 CLR 645

Fletcher & Ors v. FC of T
(1991) 22 ATR 613
91 ATC 4950

Lodge v. FC of T
(1972) 128 CLR 171
(1972) 3 ATR 254
72 ATC 4174

NMRSB Ltd et al v. FC of T
38 ATR 308
98 ATC 4188

Ronpibon Tin NL and Tongkah Compound NL v. FC of T
(1949) 78 CLR 47

Steele v. DC of T
41 ATR 139
99 ATC 4242

Softwood Pulp & Paper Ltd v. FC of T
(1976) 7 ATR 101
76 ATC 4439

Sun Newspapers Ltd v. FC of T
(1938) 61 CLR 337

PR 1999/37W history
  Date: Version: Change:
  26 May 1999 Original ruling  
You are here 6 January 2000 Withdrawn  

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