Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2006 (No. 1) (Cth)

Legislative Instrument

Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2006 (No. 1)

I, BRUCE WILLIAM QUIGLEY, First Assistant Commissioner, Office of the Chief Tax Counsel, make this Determination under subsection 40-100(1) of the Income Tax Assessment Act 1997.

Dated 14^th day of February 2006

(original signed by B Quigley)

First Assistant Commissioner

1. Name of Determination

This Determination is the Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2006 (No 1).

1. Commencement

This Determination is taken to have commenced on 1 July 2004.

1. Amendment of Income Tax (Effective Life of Depreciating Assets) Determination 2001

Schedule 1 amends the Income Tax (Effective Life of Depreciating Assets) Determination 2001

Schedule 1        Amendments

(section 3)

[1]           Table A, industry category CULTURAL AND RECREATIONAL SERVICES (91110 to 93302), sub-category Film and video production (91110)

Omit

copyright in a feature film (including an exclusive licence relating to the copyright in a feature film) 5 * 1 Jul 2004

Substitute

Copyright in a feature film (not including a licence relating to a copyright in a feature film) 5 * 1 Jul 2004