Income tax: Victorian Olive Oil Project

Paragraph 33 of PR 2000/110 states a Grower's application will not be accepted and the Project will not proceed until the minimum subscription of 250 interests is achieved. Paragraph 29 requires a Grower to participate in the Project by 30 June 2001.

The Product Ruling has no application to investors in the Project as the Project did not achieve the minimum subscription before 30 June 2001. The Product Ruling will therefore be withdrawn.