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Product Ruling PR 2005/89 sets out the Commissioner's view on the income tax consequences for entities participating in the Macquarie Self Funding Instalment SMU Series 2005 Product Disclosure Statement for cash applicants and on-market purchasers.

From 1 July 2007, the recently enacted Division 247 of the Income Tax Assessment Act 1997 applies a different methodology for calculating the cost of capital protection for entities in the Macquarie Self Funding Instalment SMU Series 2005 Product Disclosure Statement. PR 2005/89 therefore has no application to entities entering into the Macquarie Self Funding Instalment Warrants SMU Series on or after 1 July 2007.