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  • Deduction safeguards



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Safeguard provisions are in place to ensure that Australian film industry incentives are not exploited. Two examples are:

    • expenditure qualifying for the deduction is limited to amounts that the investor may lose if the film venture fails
    • the ATO must be satisfied that the costs have not been inflated as part of a non-arm's length transaction.
    Last modified: 13 Jun 2003QC 16569