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Product Ruling

PR 1999/51W

Income tax: consequences for investors in the Second Drill Film Fund

  • Please note that the PDF version is the authorised version of this withdrawal notice.
    This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

May be releasedFOI number: I 1019876

Preamble

The number, subject heading, and the What this Product Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 . Product Ruling PR 1999/95 explains Product Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a public ruling and how it is binding on the Commissioner.

Withdrawal

1. This Product Ruling is withdrawn and ceases to have effect on 1 July 2001. The Ruling continues to apply, in respect of the tax law(s) ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the persons' involvement in the arrangement.

Commissioner of Taxation
9 June 1999

No draft issued

References

ATO references:
NO 99/1557-5

ISSN 1441 - 1172

Related Rulings/Determinations:

IT 2111
IT 2476
IT 2629
PR 98/1
PR 98/2
TR 92/20
TR 97/11
TR 97/16
TD 93/34

Subject References:
Australian films
fee expenses
film income
film industry
product rulings
public rulings
taxation administration
tax avoidance
tax benefits under tax avoidance schemes
tax shelters

Legislative References:
ITAA1936 26AG
ITAA1936 Div 10BA
ITAA1936 124ZAA
ITAA1936 124ZAA(6)
ITAA1936 124ZAB
ITAA1936 124ZAB(10)
ITAA1936 124ZAC
ITAA1936 124ZADA(1)
ITAA1936 124ZADA(2)
ITAA1936 124ZAFA
ITAA1936 124ZAFA(1)(a)
ITAA1936 124ZAFA(1)(b)(i)
ITAA1936 124ZAFA(1)(c)(i)
ITAA1936 124ZAFA(1)(c)(ii)
ITAA1936 124ZAFA(1)(d)(iii)
ITAA1936 124ZAFA(1)(d)(iv)(A)
ITAA1936 124ZAFA(2)
ITAA1936 124ZAG
ITAA1936 124ZAJ
ITAA1936 124ZAJ(1)
ITAA1936 124ZAM
ITAA1936 124ZAM(1)
ITAA1936 124ZAM(2)
ITAA1936 124ZAM(3)
ITAA1936 170AA
ITAA1936 170AA(11)
ITAA1936 Pt IVA
ITAA1936 177A
ITAA1936 177C
ITAA1936 177D

PR 1999/51W history
  Date: Version: Change:
  9 June 1999 Original ruling  
You are here 1 July 2001 Withdrawn  

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