Income tax: Future Films Australia: 'Stranger'

Product Ruling PR 2006/115 sets out the Commissioner's opinion on the tax consequences for persons participating in the film project titled 'Future Films Australia: Stranger'.

The Tax Office has been advised that the arrangement is to be implemented in a materially different manner to the arrangement that was disclosed in the application for the Product Ruling in that Future Films Australia Pty Limited and associated entities are no longer involved in the project.

As a result, there is no class of persons to whom the Ruling applies.

Participants in the project cannot rely on PR 2006/115.