Notice of Withdrawal
1
Product Ruling PR 2006/108 sets out the Commissioner's opinion on the tax consequences for entities participating in the Australian Growth Timber Project No. 6 (2006 Growers) ('the Project') by entering into a Woodlot Sub-Lease and a Management Agreement for the purpose of carrying on a commercial afforestation business.
2
The promoter has since advised the Tax Office that the Project did not proceed, and therefore, no interests were sold. Therefore, PR 2006/108 has no application as it does not rule on the tax consequences for any entity.