Treasury Laws Amendment (2021 Measures No. 5) Act 2021 (127 of 2021)
Schedule 1 Australian Screen Production Incentive Reforms
Income Tax Assessment Act 1997
1 Paragraph 376-2(3)(a)
Repeal the paragraph, substitute:
(a) the amount of the producer offset is:
(i) if the film is a feature film that was produced for commercial exhibition to the public in cinemas - 40% of the company's qualifying Australian production expenditure on the film; and
(ii) otherwise - 30% of the company's qualifying Australian production expenditure on the film; and
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