Former s 124ZAE repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010. S 124ZAE formerly read:
SECTION 124ZAE ELECTION THAT DIVISION NOT APPLY
A taxpayer may elect that this Division shall not apply in relation to the taxpayer in relation to a film and, where such an election is made, this Division does not apply in relation to the taxpayer in relation to that film.
An election under subsection (1) in relation to a film must be made on or before the date of lodgment of the return of income of the taxpayer of the first year of income in respect of which a deduction would, but for this section, and the provisions of Subdivision B other than section
, be allowable to the taxpayer in relation to the film.
S 124ZAE(2) amended by
No 101 of 2006
, s 3 and Sch 2 item 326, by amending references to repealed inoperative provisions, effective 14 September 2006. For application and savings provisions see the
CCH Australian Income Tax Legislation archive
S 124ZAE(2) amended by No 101 of 2003, No 101 of 1992 and No 14 of 1983.