Income tax: BioForest Wholesale Project No 2 - 2006 Growers (from 1 February 2006 to 30 June 2006)

Product Ruling PR 2005/35 sets out the Commissioner's opinion on the tax consequences for entities participating in the BioForest Wholesale Project No 2 - 2006 Growers (from 1 February 2006 to 30 June 2006) (the Project) for the purpose of carrying on a commercial afforestation business.

No entity entered into the Project from 1 February 2006 to 30 June 2006. Therefore, Product Ruling PR 2005/35 has no application, as it does not rule on the tax consequences for any entity.