Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)
Schedule 10 Streamlining concessions for Australian films and Australian film production
Part 3 Repeal of Divisions 10B and 10BA
Income Tax Assessment Act 1997
83 Subsection 995-1(1) (definition of film loss )
Repeal the definition, substitute:
film loss has the meaning given by section 36-40.
Note: Section 701-30 (rules about where an entity is not a subsidiary member for the whole of an income year) may affect a film loss.