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

Schedule 9   Film tax offsets

Income Tax Assessment Act 1997

31   Application of amendments

(1) The amendments made by items 1 and 3 apply in respect of the location offset to films commencing principal photography or production of the animated image on or after 10 May 2011.

(2) The amendments made by items 2 and 4 apply in respect of the PDV offset to post, digital and visual effects production that commences on or after 1 July 2011.

(3) The amendments made by items 5 to 19, 21, 23 to 28 and 30 apply in respect of the producer offset to:

(a) films for which production assistance (other than development assistance) has been approved by the film authority on or after 1 July 2011; or

(b) in any other case, films for which production expenditure is first incurred in, or in relation to, pre-production of the film on or after 1 July 2011.

(4) The amendments made by items 20, 22 and 29 apply:

(a) in respect of the location offset to films commencing principal photography or production of the animated image on or after 10 May 2011; and

(b) in respect of the PDV offset to post, digital and visual effects production that commences on or after 1 July 2011; and

(c) in respect of the producer offset to films for which production assistance (other than development assistance) has been approved by the film authority on or after 1 July 2011; or

(d) in any other case, in respect of the producer offset to films for which production expenditure is first incurred in, or in relation to, pre-production of the film on or after 1 July 2011.