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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 January 2015 - onwards
Version 3 of 3

21. Amendment of section 481 (relief for investment in films) of Principal Act.

(1) The Principal Act is amended in section 481 -

(a) in subsection (1) by deleting the definition of "allowable investor company",

(b) in subsection (1) by substituting the following for the definition of "film":

"'film' means -

(a) a film of a kind which is included within the categories of films eligible for certification by the Revenue Commissioners under subsection (2A), as specified in regulations made under subsection (2E), and

(b) as respects every film, a film which is produced -

(i) on a commercial basis with a view to the realisation of profit, and

(ii) wholly or mainly for exhibition to the public in cinemas or by means of broadcast,

but does not include a film made for exhibition as an advertising programme or as a commercial;",

(c) in subsection (1) by substituting the following for the definition of "the Minister":

"'the Minister' means the Minister for Arts, Heritage and the Gaeltacht;",

(d) in subsection (1) by deleting the definition of "qualifying individual",