Tax Laws Amendment (2005 Measures No. 5) Act 2005 (162 of 2005)

Schedule 2   Tax offset for Australian production expenditure on television series

Income Tax Assessment Act 1997

5   After paragraph 376-15(1)(e)

Insert:

(ea) if the film is a *television series that is not covered by subparagraph (d)(i) or (ii):

(i) for a television series that is predominantly a digital animation or other animation - the *making of the television series (other than a pilot episode, if any, or activities mentioned in paragraph 376-25(3)(a)) takes place within a period of not longer than 36 months; or

(ii) otherwise - all principal photography for the television series (other than a pilot episode, if any) takes place within a period of not longer than 12 months; and

(eb) if the film is a *television series that is not covered by subparagraph (d)(i) or (ii) - the amount worked out for the film under subsection (3) is at least $1 million; and