Document ID: chunk:federal_register_of_legislation:C2004A00587:clause:1_103j
Version: federal_register_of_legislation:C2004A00587
Segment Type: clause
Provision Reference: sch 1 cl 103J
Character Range: 10097–11182

103J  Cash‑based accounting—when expenditure is incurred

 (1) For the purposes of this Division:
 (a) if the whole of an item of expenditure (other than pre‑production expenditure) is paid at a particular time—the expenditure is incurred when the expenditure is paid; and
 (b) if different parts of an item of expenditure (other than pre‑production expenditure) are paid at different times—each part is incurred when the part is paid.

 (2) For the purposes of this Division:
 (a) if the whole of an item of pre‑production expenditure is paid at a particular time—the expenditure is incurred at whichever is the later of the following times:
 (i) the time when the expenditure is paid;
 (ii) the commencement of principal photography for the program or program material concerned; and
 (b) if different parts of an item of pre‑production expenditure are paid at different times—each part is incurred at whichever is the later of the following times:
 (i) the time when the part is paid;
 (ii) the commencement of principal photography for the program or program material concerned.