Product Ruling PR 2004/67W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2004/67 is withdrawn with effect from today. 1. Product Ruling PR 2004/67 set out the Commissioner's opinion on the tax consequences for persons participating in the Burbank Film and Television Fund ('the Fund') provided the minimum subscription was achieved by 30 June 2004, and provided the Accession Deed, Investment Agreement, Copyright Acquisition Agreement and Distribution Agreement was executed on or before 30 June 2004. 2. The minimum subscription was not met and the Fund did not proceed on or before 30 June 2004. Product Ruling PR 2004/67 has no application as it does not rule on the tax consequences for any taxpayer. 3. A new arrangement has been implemented by the Manager for this Fund under which the minimum subscription is to be achieved, and the Accession Deed, Investment Agreement, Copyright Acquisition Agreement and Distribution Agreement executed, on or before 30 June 2005. 4. The new arrangement is dealt with by PR 2004/94 which issues today. PR 2004/94 only applies to participants accepted into the arrangement on or after 22 September 2004. Commissioner of Taxation 22 September 2004 This Ruling has been replaced by Product Ruling PR 2004/94.

Related rulings: PR 1999/95 TR 92/1 TR 92/20 TR 97/16 TR 98/22 TD 93/34
Legislative references: ITAA 1936 79D ITAA 1936 82KL ITAA 1936 Div 5 of Part III ITAA 1936 90 ITAA 1936 91 ITAA 1936 92 ITAA 1936 Div 10B of Part III ITAA 1936 124K(1) ITAA 1936 124L ITAA 1936 124L(1) ITAA 1936 124L(1)(b) ITAA 1936 124M ITAA 1936 124R ITAA 1936 124S ITAA 1936 124S(1) ITAA 1936 124U ITAA 1936 124UA ITAA 1936 124UA(1) ITAA 1936 124UA(2) ITAA 1936 124ZAC ITAA 1936 Div 11A of Pt III ITAA 1936 160AFD(9) ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1997 8-1 ITAA 1997 Pt 3-1 ITAA 1997 104-25(1)(c) ITAA 1997 108-5(1) ITAA 1997 108-5(2)(a) ITAA 1997 110-25 ITAA 1997 110-25(2) ITAA 1997 110-25(3) ITAA 1997 110-45 ITAA 1997 110-45(1B) ITAA 1997 995-1 Copyright Act 1968 TAA 1953 Pt IVAAA Corporations Act 2001 Corporations Act 2001 761G Corporations Act 2001 761G(7)(a) Corporations Act 2001 761G(7)(c) Corporations Act 2001 761G(7)(d)
Subject references: Australian films film income film industry product rulings schemes and shams tax administration tax avoidance