Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 376.240

  (1)   A certificate issued to a company under section   376 - 20 (certificate for the location offset), 376 - 45 (certificate for the PDV offset) or 376 - 65 (certificate for the producer offset) must:

  (a)   be in writing; and

  (b)   specify the company's * ABN; and

  (c)   specify the date of issue of the certificate; and

  (d)   if the certificate is issued under section   376 - 20--specify the total of the company's * qualifying Australian production expenditure on the * film, as determined by the * Arts Minister under section   376 - 30; and

  (e)   if the certificate is issued under section   376 - 45--specify the total of the company's qualifying Australian production expenditure on the film, to the extent that it relates to * post, digital and visual effects production for the film, as determined by the Arts Minister under section   376 - 50; and

  (f)   if the certificate is issued under section   376 - 65--specify the total of the company's qualifying Australian production expenditure on the film, as determined by the * film authority under section   376 - 75.

  (2)   If the certificate is issued under section   376 - 20 (certificate for the location offset) or 376 - 45 (certificate for the PDV offset), the * Arts Minister must give the Commissioner notice of the issue of a certificate for a * film within 30 days after issuing the certificate.

  (3)   The notice under subsection   (2) must specify:

  (a)   the company's name; and

  (b)   the company's address; and

  (c)   the total of the company's * qualifying Australian production expenditure on the * film, as determined by the * Arts Minister under section   376 - 30 or 376 - 50, as the case may be; and

  (d)   other matters agreed to between the Arts Minister and the Commissioner.

The notice must be accompanied by a copy of the certificate.

  (4)   If the certificate is issued under section   376 - 65 (certificate for the producer offset), the * film authority must give the Commissioner notice of the issue of a certificate for a * film within 30 days after issuing the certificate.

  (5)   The notice under subsection   (4) must specify:

  (a)   the company's name; and

  (b)   the company's address; and

  (c)   the total of the company's * qualifying Australian production expenditure on the * film, as determined by the * film authority under section   376 - 75; and

  (d)   other matters agreed to between the film authority and the Commissioner.

The notice must be accompanied by a copy of the certificate.