• Deduction safeguards

    Attention

    Warning:

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

    End of attention

    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 which 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: 10 Dec 2001QC 16170