Tax Laws Amendment (2005 Measures No. 5) Act 2005 (162 of 2005)

Schedule 2   Tax offset for Australian production expenditure on television series

Income Tax Assessment Act 1997

11   At the end of section 376-35

Add:

(2) Despite sections 376-25 and 376-30, the expenditure of a company is not production expenditure of the company on a *film if:

(a) the film is a *television series that is not covered by subparagraph 376-15(1)(d)(i) or (ii); and

(b) the expenditure is reasonably attributable to the production of a pilot episode to the television series; and

(c) the expenditure, apart from this subsection, would be production expenditure that was not *qualifying Australian production expenditure.