Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (67 of 2024)
Schedule 6 Location offset and producer offset for films
Part 2 Location offset conditions
Division 2 Application provisions
14 Application provision - films
(1) Subject to subitems (2) and (3), the amendments made by this Part apply in relation to a film for which:
(a) for a film that is predominantly a digital animation or other animation - the making of the film; or
(b) otherwise - the principal photography for the film;
commenced on or after 1 July 2023.
(2) Subsection 376-20(8) of the Income Tax Assessment Act 1997, as added by this Part, applies in relation to a film for which:
(a) for a film that is predominantly a digital animation or other animation - the making of the film; or
(b) otherwise - the principal photography for the film;
commenced on or after 1 July 2024.
Note: Subsection 376-20(8) deals with the minimum training expenditure requirement and exemptions from that requirement.
(3) To avoid doubt, the reference to subsection 376-20(8) of the Income Tax Assessment Act 1997 in subsection 376-20(1) of that Act (as amended by this Part) is to be disregarded for the purposes of applying subsection 376-20(1) of that Act in relation to a film for which the making of the film or the principal photography for the film (whichever applies) commenced on or after 1 July 2023 but before 1 July 2024.