Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 375.110

  (1)   To work out your film loss (if any) for the purposes of the Income Tax Assessment Act 1997 for the 1989 - 90 or a later income year, apply former section   375 - 810 of that Act.

  (2)   You can deduct in the 1997 - 98 or a later income year your film loss for any of the 1989 - 90 to 1996 - 97 income years only to the extent that it has not already been deducted.

Table of sections

392 - 1   Application of Division   392 of the Income Tax Assessment Act 1997

392 - 25   Transitional provision--election under section   158A of the Income Tax Assessment Act 1936