Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)

Schedule 4   Film copyright

Income Tax Assessment Act 1936

3   Subsection 124UA(2)

Repeal the subsection, substitute:

(2) The owner of a unit of industrial property that relates to a copyright subsisting in an Australian film may elect that this Division does not apply in relation to that unit.