Notice of Withdrawal
1
Product Ruling PR 2006/32 set out the Commissioner's opinion on the tax consequences for entities participating in the Australian Bight Abalone Project 2006 - Wholesale Offer ('the Project'). The offer to participate in the Project was a wholesale offer, as it was limited to entities who are wholesale clients as described in section 761G of the Corporations Act 2001 .
2
No entities were accepted under the wholesale offer as described in the Product Ruling on or before 15 June 2006. Therefore, Product Ruling PR 2006/32 has no application as it does not rule on the tax consequences for any entities.