Tax Laws Amendment (2011 Measures No. 7) Act 2011 (147 of 2011)

Schedule 9   Film tax offsets

Income Tax Assessment Act 1997

12   Subsection 376-65(6) (cell at table item 1, column headed "The total of the company's qualifying Australian production expenditure on the film (as determined by the film authority under section 376-75) is at least ...")

Repeal the cell, substitute:

$500,000