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INCOME TAX ASSESSMENT ACT 1997 - SECT 376.5

Structure of this Division

  (1)   Subdivision   376 - B tells you about the different tax offsets available for films, who can get each offset and what conditions must be met to get each offset. It also tells you how to work out the amount of each offset.

  (2)   Subdivision   376 - C explains what is meant by:

  (a)   production expenditure on a film; and

  (b)   qualifying Australian production expenditure on a film.

It also contains some rules for quantifying expenditure.

  (3)   Subdivision   376 - D deals with a number of administrative matters:

  (a)   applying for a certificate for a film; and

  (b)   the issue and revocation of a certificate for a film; and

  (c)   the making of rules by the Arts Minister (including rules for the establishment of the Film Certification Advisory Board) and the film authority; and

  (d)   review of decisions of the Arts Minister and the film authority; and

  (e)   amendment of assessments following the revocation of a certificate for a film.

Table of sections

Refundable tax offset for Australian expenditure in making a film (location offset)

376 - 10   Film production company entitled to refundable tax offset for Australian expenditure in making a film (location offset)

376 - 15   Amount of the location offset

376 - 20   Minister must issue certificate for a film for the location offset

376 - 25   Meaning of documentary

376 - 30   Minister to determine a company's qualifying Australian production expenditure for the location offset

Refundable tax offset for post, digital and visual effects production for a film (PDV offset)

376 - 35   Film production company entitled to refundable tax offset for post, digital and visual effects production for a film (PDV offset)

376 - 40   Amount of the PDV offset

376 - 45   Minister must issue certificate for a film for the PDV offset

376 - 50   Minister to determine a company's qualifying Australian production expenditure for the PDV offset

Refundable tax offset for Australian expenditure in making an Australian film (producer offset)

376 - 55   Film production company entitled to refundable tax offset for Australian expenditure in making an Australian film (producer offset)

376 - 60   Amount of the producer offset

376 - 65   Film authority must issue certificate for an Australian film for the producer offset

376 - 70   Determination of content of film

376 - 75   Film authority to determine a company's qualifying Australian production expenditure for the producer offset


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