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## notes to the financial statements 

for the year ended 30 June 2001 

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Potential future income tax benefits at 30 June 2001 for tax losses not brought to account for the Trust are $27,186,000. These losses cannot be used directly by the Trust for the reason outlined in note 1g, but may be available for the benefit of unit holders in the future. 

These benefits of tax losses will only be realised for the benefit of unit holders in the Trust if: 

(i) the entity derives future assessable income of a nature and of an amount sufficient to enable the benefit from the deductions for the losses to be realised; 

(ii) the entity continues to comply with the conditions for deductibility imposed by tax legislation; and 

(iii) no changes in tax legislation adversely affect the ability of the entity to realise the benefit from the deductions for the losses. 

The above tax position is based on tax ruling requests relating to borrowing costs and interentity transactions. However, the ATO has not given its opinion in relation to all of these requests. 

