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.
How to claim the film tax offsets
Companies must use the Company tax return 2021. Claim all film tax offsets at E Refundable tax offsets on the calculation statement on page 11 of the Company tax return 2021.
If you invest in the Australian film industry, you may be eligible for a tax offset.