Commonwealth Numbered Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 No. 40 of 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
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.

[Minister's second reading speech made in-
House of Representatives on 19 June 1996
Senate on 31 October 1996]