Product Ruling

PR 2002/91W

Income tax: Film Investment - 'The Complete History of Cricket - From Dawn to Stumps'

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FOI status:

Notice of Withdrawal

Product Ruling PR 2002/91 is withdrawn with effect from today.

1. The Product Ruling relates to the production of a documentary film which has a budgeted cost of $6,047,360. Under the proposed arrangement capital contributions equal to the production budget were to be raised on or before 30 June 2003.

2. The production budget was not achieved by 30 June 2003. There were no Investor contributions accepted and the production of the documentary film did not commence. Therefore the Ruling has no application to any Investors and is consequently withdrawn.

Commissioner of Taxation
9 June 2004

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

PR 1999/95
TR 92/1
TR 92/20
TR 97/16
TR 98/22
TD 93/34
IT 2111

Subject References:
Australian films
film income
film industry
interest expenses
Product Rulings
Public Rulings
tax avoidance
tax administration

Legislative References:
ITAA 1936 26AG
ITAA 1936 26AG(9)
ITAA 1936 Div 5 of Pt III
ITAA 1936 Div 10BA
ITAA 1936 124ZAA(1)
ITAA 1936 124ZAA(6)
ITAA 1936 124ZAB
ITAA 1936 124ZAB(10)
ITAA 1936 124ZAC
ITAA 1936 124ZADA(1)
ITAA 1936 124ZADA(2)
ITAA 1936 124ZAFA
ITAA 1936 124ZAFA(1)(a)
ITAA 1936 124ZAFA(1)(b)(i)
ITAA 1936 124ZAFA(1)(c)(i)
ITAA 1936 124ZAFA(1)(c)(ii)
ITAA 1936 124ZAFA(1)(d)(iii)
ITAA 1936 124ZAFA(1)(d)(iv)
ITAA 1936 124ZAFA(2)
ITAA 1936 124ZAG
ITAA 1936 124ZAJ
ITAA 1936 124ZAJ(1)
ITAA 1936 124ZAM
ITAA 1936 124ZAM(1)
ITAA 1936 124ZAM(2)
ITAA 1936 124ZAM(3)
ITAA 1936 124ZAO
ITAA 1936 124ZAO(2)
ITAA 1936 124ZAO(3)
ITAA 1936 Part IVA
ITAA 1936 177A
ITAA 1936 177C
ITAA 1936 177D
ITAA 1936 204
ITAA 1997 8-1
ITAA 1997 Div 27
ITAA 1997 995-1
Corporation Act 2001 708(8)
Corporation Act 2001 708(9)
Corporation Act 2001 708(10)
TAA 1953 Pt IVAAA
TAA 1953 8AAG
ANTS(GST)A 99 Div 11
Copyright Act 1968