Income tax: Barkworth Olives Project No 8

The Product Ruling relates to a proposed Project under which a Grower would acquire an interest in an established olive Grovelot, or Grovelots, on which they would cultivate olive trees and harvest the olives for the production and sale of olive oil.

The Product Ruling only applies to a Grower who is accepted to participate in the Project on or before 15 June 2004. Barkworth Olives Management Limited ('BOML'), the Manager of the Project, has advised the Project will not be marketed before 15 June 2004. Therefore the Product Ruling has no application to any Growers and is withdrawn.