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
6 At the end of section 376-15
Add:
(3) For the purposes of paragraph (1)(eb), the amount for a film is worked out by using the formula:
(Total QAPE / Duration of film hours)
where:
duration of film in hours means the total length of the film, measured in hours.
total QAPE means the total of the company's *qualifying Australian production expenditure on the film (worked out using Subdivision 376-C).
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