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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 375.110

Film loss for 1989-90 or later income year

             (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



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