Carbon Credits (Carbon Farming Initiative—Plantation Forestry) Methodology Determination 2022
11Certain forestry managed investment schemes excluded
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11 Certain forestry managed investment schemes excluded
(1) A project must be one in which no plantation forest is managed under a scheme:
(a) that is a forestry managed investment scheme; and
(b) that is designed in a way such that payments made by participants under the scheme could be deductible under section 394-10 of the ITAA.
(2) In this section:
ITAA means the Income Tax Assessment Act 1997.
scheme, forestry managed investment scheme, and participant have the same meanings as in Division 394 of the ITAA.