Product Ruling PR 2001/96W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2001/96 is withdrawn with effect from today. 1. This Product Ruling relates to a film project that involves the production of an Australian feature film to be titled 'Whitman's Vengeance'. Under the terms of the arrangement investors were to make capital contributions towards the production of the film under a contract to be executed no later than 30 June 2002. 2. No capital contributions were received from investors in relation to the film project on or before 30 June 2002. Therefore the Product Ruling has no application to any investors and will be withdrawn. 3. A revised arrangement for the film 'Whitman's Vengeance' is outlined in Product Ruling PR 2003/35 which issued today. Commissioner of Taxation 4 June 2003 This Ruling has been replaced by PR 2003/35.

Related rulings: PR 1999/95 TR 92/1 TR 92/20 TR 97/16 TR 98/22 TD 93/34 IT 2111 MT 2000/1 GSTD 2000/8
Legislative references: ITAA 1936 Div 10BA ITAA 1936 26AG ITAA 1936 82KL ITAA 1936 124ZAA(6) ITAA 1936 124ZAB ITAA 1936 124ZAB(10) ITAA 1936 124ZAC ITAA 1936 124ZADA(1) ITAA 1936 124ZADA(2) ITAA 1936 124ZAFA ITAA 1936 124ZAFA(1)(a) ITAA 1936 124ZAFA(1)(b)(i) ITAA 1936 124ZAFA(1)(c)(i) ITAA 1936 124ZAFA(1)(c)(ii) ITAA 1936 124ZAFA(1)(d)(iii) ITAA 1936 124ZAFA(1)(d)(iv) ITAA 1936 124ZAFA(2) ITAA 1936 124ZAG ITAA 1936 124ZAJ ITAA 1936 124ZAJ(1) ITAA 1936 124ZAM ITAA 1936 124ZAM(1) ITAA 1936 124ZAM(2) ITAA 1936 124ZAM(3) ITAA 1936 124ZAO(2) ITAA 1936 124ZAO(3) ITAA 1936 Part IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 204 ITAA 1997 8-1 ITAA 1997 17-5 ITAA 1997 Div 27 TAA 1953 8AAG ANTS(GST)A 99 38-190(1) Corporations Law 708(8) Corporations Law 708(9) Corporations Law 708(10)
Subject references: Australian films film income film industry interest expenses product Rulings public Rulings tax avoidance