17 Dec 12 Film tax offsets - definition of a 'documentary'
The Assistant Treasurer has released for public consultation draft legislation and explanatory material for inserting a definition of ‘documentary’ into the tax law, for purposes of the film tax offsets.
In the 2012-13 Budget, the Government announced its intention to update the legislation governing the Producer Offset, to include a definition of ‘documentary’ and related terms. On 5 July 2012, the Minister for the Arts, the Hon Simon Crean MP and the Assistant Treasurer, the Hon David Bradbury MP issued a joint media release providing further advice to supplement the guidance set out in the Budget announcement.
The closing date for submissions is Wednesday, 30 January 2013.