Income tax: tax consequences of investing in equities using the Macquarie Geared Equities Investment plus

Product Ruling PR 2009/38 sets out the Commissioner's view on the income tax consequences for the defined class of entities, referred to as Investors, who invest in equities using the Macquarie Geared Equities Investment plus.

The Australian Taxation Office has been advised that the scheme's GEI plus Product Booklet dated 4 February 2009 will be withdrawn on 9 March 2011.

Product Ruling PR 2009/38 continues to apply to entities that invested in equities using the Macquarie Geared Equities Investment plus prior to the withdrawal.