Thanx SurandyI must admit it is hard to work out what is going...

Thanx Surandy

I must admit it is hard to work out what is going here. So your input is greatly appreciated.

Just hope you are right about the tax deductions being allowed for the whole life of a project if the plantation was established prior to 1/7.

I read that they may not cover projects but ARRANGEMENTS prior to 1/7, which sort of shines a different light on things.

How many arrangements would a company have? I an arrangement to pay this contractor to mend my fences. I will get a tax deduction for this year as the contract was made prior to 1/7. Next year I won't be able to to a tax deduction because we would have had to draw up a contract after 1/7.
You know what I mean

Hopefully the company comes out with a statement sometime soon and clarifies what it all means and how the tax ruling will impact on their business.

Yea the annual general meeting in Feb 22 will be good.
Is it in Sydney?

So far I think the CEO of TIM is playing politics and implying that this will have a terrible impact on the business when in fact it won't.

Anyway I think the business model and management is sound and they will find a way around this.
Not only that long term the outlook for commodities is good.
I think that is the key... demand for commodities in China will push prices higher and make businesses more profitable whatever happen ie why I bought anyway.