This publication can be downloaded in Portable Document Format (PDF): Australian film industry incentives 2009 (NAT 954, 204KB)This link will download a file
If you invest in the Australian film industry, you may be eligible for a special tax deduction for capital expenditure incurred in acquiring an interest in the copyright of an Australian film.
As a taxpayer, you may be able to claim a deduction under either:
- Division 10B of Part III of the Income Tax Assessment Act 1936 (ITAA 1936), which gives investors a deduction, normally spread over two years, for capital contributions used to acquire rights in or under copyrights relating to an 'Australian film', or
- Division 10BA of Part III of the ITAA 1936, which gives investors a 100% deduction for capital expenditure used to produce a 'qualifying Australian film' where, as a consequence, they acquire an interest in the initial copyright of the film.
Division 10B applies to both residents and non-residents, while Division 10BA applies to residents only. A resident taxpayer can make an election that Division 10BA is not to apply to their project and can therefore choose to apply Division 10B instead.