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 3   Producer offset

Income Tax Assessment Act 1997

22   After subsection 376-65(6)

Insert:

(6A) A *film that is both of the type referred to in item 7, and of the type referred to in item 7A, of the table in subsection (6) meets the conditions in that subsection if the film meets the conditions set out in one or both of those items.

(6B) The conditions in this subsection are that:

(a) the season is made up of 2 or more episodes that are produced wholly or principally for exhibition together under a single title; and

(b) the season is produced for:

(i) exhibition to the public by way of television broadcasting (including broadcasting by way of the delivery of a television program by a broadcasting service within the meaning of the Broadcasting Services Act 1992); or

(ii) distribution to the public as a video recording (whether on video tapes, digital video disks or otherwise); and

(c) either:

(i) for a season that is predominantly a digital animation or other animation - the *making of the season (other than a pilot episode, if any) takes place within a period of not longer than 36 months; or

(ii) otherwise - all principal photography for the season (other than a pilot episode, if any) takes place within a period of not longer than 12 months.