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Product Ruling

PR 1998/2W

Income tax: consequences for investors in the proposed animated feature film 'The Magic Pudding'

  • Please note that the PDF version is the authorised version of this withdrawal notice.
    This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

May be releasedFOI number: I 1017790

Preamble

The number, subject heading, and the What this Product Ruling is about Tax law(s), Class of persons, Date of effect, Withdrawal, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner. Product Ruling PR 98/1 explains Product Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a public ruling and how it is binding on the Commissioner.

Withdrawal

1. This Product Ruling is withdrawn on 1 July 2001 and ceases to have effect on and from that date. The Ruling continues to apply, in respect of the tax laws ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the persons' involvement in the arrangement.

Commissioner of Taxation
28 October 1998

Not previously released to the public in draft form

References

ATO references:
NO 98/301-7
BO Signum 2490

ISSN 1441-1172

Related Rulings/Determinations:

IT 2111
IT 2629

Subject References:
Australian films
film income
film industry
interest expenses
Product Rulings
Public Rulings
tax avoidance
taxation administration

Legislative References:
ITAA36 10BA
ITAA36 26AG
ITAA36 124ZAA
ITAA36 124ZAA(6)
ITAA36 124ZAB
ITAA36 124ZAB(10)
ITAA36 124ZAC
ITAA36 124ZADA
ITAA36 124ZAFA
ITAA36 124ZAFA(1)(a)
ITAA36 124ZAFA(1)(b)(i)
ITAA36 124ZAFA(1)(c)(i)
ITAA36 124ZAFA(1)(c)(ii)
ITAA36 124ZAFA(1)(d)(iii)
ITAA36 124ZAFA(1)(d)(iv)
ITAA36 124ZAFA(2)
ITAA36 124ZAM
ITAA36 124ZAM(2)
ITAA36 124ZAM(3)
ITAA36 124ZAO(2)
ITAA36 124ZAO(3)
ITAA36 Part IVA
ITAA97 8-1

PR 1998/2W history
  Date: Version: Change:
  28 October 1998 Original ruling  
You are here 1 July 2001 Withdrawn  

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