Income Tax: BioForest Wholesale Project No 2 -2006 Growers (to 31 January 2006)

Product Ruling PR 2005/24 sets out the Commissioner's opinion on the tax consequences for entities participating in the BioForest Wholesale Project No 2 - 2006 Growers (to 31 January 2006) (the Project) for the purpose of carrying on a commercial afforestation business.

No entity entered into the Project from 1 July 2005 to 31 January 2006. Therefore, Product Ruling PR 2005/24 has no application, as it does not rule on the tax consequences for any entity.