Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 10   Streamlining concessions for Australian films and Australian film production

Part 4   Application and saving provisions

91   Application

(1) The amendments made by this Schedule, to the extent that they relate to a tax offset under section 376-10 of the Income Tax Assessment Act 1997, apply to films commencing principal photography or production of the animated image on or after 8 May 2007.

(2) The amendments made by this Schedule, to the extent that they relate to a tax offset under section 376-35 of the Income Tax Assessment Act 1997, apply to post, digital and visual effects production for a film that commences on or after 1 July 2007.

(3) The amendments made by this Schedule, to the extent that they relate to a tax offset under section 376-55 of the Income Tax Assessment Act 1997, apply to qualifying Australian production expenditure incurred:

(a) on or after 1 July 2007; and

(b) before 1 July 2007, to the extent that such expenditure is attributable to goods or services provided on or after 1 July 2007.