In a joint media release issued on 8 April 2009, the Assistant Treasurer, Chris Bowen and Minister for the Arts, Peter Garrett, announced the release of the review into the refundable tax offsets contained in Division 376 of ITAA 1997. The review examined the impact of the film tax offsets, introduced in 2007, on levels of production by independent and in-house production by Australian television broadcasters. The review found that the overall level of Australian and co-production television drama was higher in 2007-08 than in previous years, and the balance of television production between independent and in-house production has remained stable since the offsets were introduced.
For a copy of the joint media release, No 2009/027, 8 April 2009, go here
For a copy of the review report, go here