Former s 124ZAE repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010.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.
S 124ZAE(1) substituted by No 14 of 1983.
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, s 3 and Sch 2 item 326, by amending references to repealed inoperative provisions, effective 14 September 2006.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.