Product Ruling

PR 2005/114A - Addendum

Income tax: Film Investment - 'Vista Bay'

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FOI status:

may be released

Addendum

This Addendum amends Product Ruling PR 2005/114 to allow for an increase in production budget and for a change in the date of acceptance of irrevocable letters of intent from Investors.

PR 2005/114 is amended as follows:

1. Paragraph 14

Insert the following dot points after the final dot point:

•

Correspondence from the FFC to the Production Company dated 4 April 2006;

•

The Deed of Variation #2 to the above Deal Memo, executed on 5 April 2006; and

•

An amended budget summary received by the Tax Office on 5 April 2006.

2. Paragraph 18

(a) Omit '$2,388,162; substitute '$2,434,134'.

(b) Omit '$316,886'; substitute '$362,858'.

3. Paragraph 19 and the first dot point in paragraph 47

Omit '21 April 2006'; substitute '7 June 2006'.

4. Paragraph 19, paragraph 25 and the first dot point in paragraph 47

Omit '$1,444,838'; substitute '$1,495,407'.

5. Paragraph 22 within the definition of Distribution Guarantee

Omit '$577,500; substitute '$608,534'.

6. Paragraph 22 within the definition of RPE ANZ Distribution Guarantee and paragraph 37

Omit '$119,408'; substitute '$121,707'.

7. Paragraph 22 within the definition of RPE Distribution Guarantee and paragraph 43

Omit '$597,040'; substitute '$608,534'.

8. Paragraph 22 within the definition of RPE ROW Distribution Guarantee

Omit '$477,632'; substitute '$486,827'.

9. Paragraph 37

Omit '$597,041'; substitute '$608,534'.

Omit '$477,633'; substitute '$486,827'.

10. Paragraph 47 third dot point

Omit '$2,626,978'; substitute '$2,677,547'.

This Addendum applies on and from 5 April 2006.

Commissioner of Taxation
19 April 2006

References

ATO references:
NO 2005/18404