Income tax: Mary Valley Paulownia Project - Revised Arrangement

Product Ruling PR 2002/73 is withdrawn with effect from today.

Product Ruling PR 2002/73 dealt with the income tax consequences of taxpayers investing in the Project, by entering into a Management and Licence Agreement, for the purposes of commercially growing and cultivating Paulownia trees to produce timber products.

The Project did not proceed and deregistration of the Project has been approved by ASIC. All subscription moneys have been returned to investors. Product Ruling PR 2002/73 does not rule on the income tax consequences for any taxpayer.