Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:10_2
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 10 cl 2
Character Range: 257000–257845

2  Paragraph 124L(1A)(b) (note)
Repeal the note, substitute:
 ; and (c) an application for a certificate of the kind referred to in the definition of Australian film in subsection 124K(1) in respect of the film is made before the day on which the Tax Laws Amendment (2007 Measures No. 5) Act 2007 receives the Royal Assent; and
 (d) the owner claims a deduction in respect of the film under this Division in relation to the 2008‑09 year of income or an earlier year of income.

Note 1: For other kinds of intellectual property, see Division 40 of the Income Tax Assessment Act 1997.

Note 2: Paragraph (d) means that, if a taxpayer claims a deduction in respect of a film under this Division in relation to the 2008‑09 year of income, the taxpayer can claim a deduction in respect of the film in relation to the 2009‑10 year of income as well.