Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
4 Intellectual property (new Division 373)
3 Consequential amendment of the Income Tax Assessment Act 1936
22 Before subsection 124L(1)
Insert:
(1A) For the purposes of assessments for the 1998-99 year of income and later years of income, this Division applies to the owner of a unit of industrial property only if the unit relates to a copyright in an Australian film.
Note: For other kinds of intellectual property, see Division 373 of the Income Tax Assessment Act 1997.
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