Deduction safeguards



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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 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