Income Tax Assessment Act 1936

Former Div 10BA repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010.

Former Div 10BA inserted by No 111 of 1981.

Former Subdiv B repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010.

Former s 124ZAL repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010. S 124ZAL formerly read:

SECTION 124ZAL DEDUCTION REDUCED IF FUTURE COPYRIGHT ASSIGNED  
124ZAL(1)
Where:

(a) but for this section and section 124ZAM , an amount would be taken for the purposes of this Division to have been expended by a taxpayer in producing, or by way of contribution to the cost of producing, a film; and

(b) at the time when that amount was expended, or before or after that time, the taxpayer partially assigned his future copyright in the film,

the amount referred to in paragraph (a) shall be reduced by such amount as the Commissioner considers reasonable.

124ZAL(2)
A reference in subsection (1) to an assignment by a taxpayer of future copyright in a film includes a reference to the taxpayer entering into an agreement to transfer copyright in the film to another person upon the copyright coming into existence or at any time after the coming into existence of the copyright.