INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 376 - Films generally (tax offsets for Australian production expenditure)  

Subdivision 376-D - Certificates for films and other matters  

SECTION 376-240   Issue of certificate  

376-240(1)  
A certificate issued to a company under section 376-20 (certificate for the location offset), 376-45 (certificate for the PDV offset) or 376-65 (certificate for the producer offset) must:


(a) be in writing; and


(b) specify the company ' s * ABN; and


(c) specify the date of issue of the certificate; and


(d) if the certificate is issued under section 376-20 - specify the total of the company ' s * qualifying Australian production expenditure on the * film, as determined by the * Arts Minister under section 376-30 ; and


(e) if the certificate is issued under section 376-45 - specify the total of the company ' s qualifying Australian production expenditure on the film, to the extent that it relates to * post, digital and visual effects production for the film, as determined by the Arts Minister under section 376-50 ; and


(f) if the certificate is issued under section 376-65 - specify the total of the company ' s qualifying Australian production expenditure on the film, as determined by the * film authority under section 376-75 .

376-240(2)  
If the certificate is issued under section 376-20 (certificate for the location offset) or 376-45 (certificate for the PDV offset), the * Arts Minister must give the Commissioner notice of the issue of a certificate for a * film within 30 days after issuing the certificate.

376-240(3)  
The notice under subsection (2) must specify:


(a) the company ' s name; and


(b) the company ' s address; and


(c) the total of the company ' s * qualifying Australian production expenditure on the * film, as determined by the * Arts Minister under section 376-30 or 376-50 , as the case may be; and


(d) other matters agreed to between the Arts Minister and the Commissioner.

The notice must be accompanied by a copy of the certificate.

376-240(4)  
If the certificate is issued under section 376-65 (certificate for the producer offset), the * film authority must give the Commissioner notice of the issue of a certificate for a * film within 30 days after issuing the certificate.

376-240(5)  
The notice under subsection (4) must specify:


(a) the company ' s name; and


(b) the company ' s address; and


(c) the total of the company ' s * qualifying Australian production expenditure on the * film, as determined by the * film authority under section 376-75 ; and


(d) other matters agreed to between the film authority and the Commissioner.

The notice must be accompanied by a copy of the certificate.


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