Certificates issued by the Minister for the Arts and Screen Australia can be revoked in cases of fraud or serious misrepresentation. In such a case a revocation would require a full repayment of any film tax offset given. Decisions not to issue or to revoke a certificate previously issued are reviewable in the Administrative Appeals Tribunal.
Claiming a film tax offset
Companies must use the Company tax return 2020 (NAT 0656). Claim all film tax offsets at E Refundable tax offsets on the calculation statement on page 11 of the Company tax return 2020.
If you invest in the Australian film industry, you may be eligible for a tax offset.