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

Schedule 1   Film tax offsets

Income Tax Assessment Act 1997

2   Paragraph 376-10(1)(b)

Omit “if the total of the company’s qualifying Australian production expenditure on the film (as determined by the Arts Minister under section 376-30) is at least $50 million - the company’s qualifying Australian production expenditure”, substitute “the company’s *qualifying Australian production expenditure”.