Div 375 repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010.

Subdiv 375-H repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010.

Subdiv 375-H inserted by No 108 of 1998.

S 375-855 repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010. S 375-855 formerly read:

SECTION 375-855 What can you deduct?  
375-855(1)
You can deduct money you pay for ^* shares in a ^* film licensed investment company (a FLIC ) if the shares are issued to you by the FLIC during the period the FLIC ' s concessional capital licence is in force.

Note:

The period a FLIC ' s licence is in force is determined under the Film Licensed Investment Company Act 2005 . It cannot be in force after 30 June 2007.

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History

S 375-855(1) amended by No 58 of 2005, s 3 and Sch 1 items 4 and 5, by substituting " 2005 " for " 1998 " and substituting " 2007 " for " 2000 " in the note, effective 27 June 2005. For savings provision, see note under s 375-850.

375-855(2)
A film licensed investment company is a company that has been granted a licence to raise concessional capital under the Film Licensed Investment Company Act 2005 (whether or not the licence has ceased to be in force).

Note:

Under the Film Licensed Investment Company Act 2005 concessional capital is money paid to the FLIC for the issue of shares during the period its concessional capital licence is in force (see section 6 of that Act).

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History

S 375-855(2) amended by No 58 of 2005, s 3 and Sch 1 items 6 to 8, by substituting " 2005 " for " 1998 " , substituting " 2005 " for " 1998 " in the note and substituting 6 for " 5 " in the note, effective 27 June 2005. For savings provision, see note under s 375-850.

S 375-855 inserted by No 108 of 1998.