Income tax: Rewards Group Sandalwood Project 5 - 2006 Growers

This Ruling sets out the Commissioner's opinion on the way in which certain tax laws apply to persons who take part in the Rewards Group Sandalwood Project 5 - 2006 Growers ('the Project'). This Ruling applied to Growers who were accepted to participate in the Project on or before 30 June 2006. This Ruling continues to apply to Growers who were accepted to participate in the Project on or before 24 May 2006 in relation to the deductibility of costs incurred for the year ended 30 June 2006.

As a result of changes to the finance being offered to Growers, this Ruling is now withdrawn. Product Ruling PR 2006/94 replaces PR 2005/22 and applies from 24 May 2006.