Tax Laws Amendment (2010 Measures No. 5) Act 2011 (61 of 2011)

Schedule 1   Film tax offsets

Income Tax Assessment Act 1997

11   Subsection 376-230(1)

Repeal the subsection, substitute:

(1) A company may apply to the *Arts Minister for the issue of a certificate to the company for a *film under section 376-20 (certificate for the location offset) when all of the company’s *qualifying Australian production expenditure for the film has been incurred.