Document ID: chunk:federal_register_of_legislation:C2004A00962:clause:1_2:p5
Version: federal_register_of_legislation:C2004A00962
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 5/5)
Character Range: 11403–12912

in the making of the film. The decline in value of the asset is to be worked out using Division 40.

Note: Under item 10 of the table in section 376‑35, expenditure that sets or increases the cost of the asset does not count as production expenditure.

376‑30  Production expenditure—special qualifying Australian production expenditure

  Expenditure of a company is also production expenditure of the company on a *film if it is *qualifying Australian production expenditure of the company on the film under section 376‑45.

Note: This means that the special qualifying Australian production expenditure is taken into account both in working out the total amount of the company's qualifying Australian production expenditure and in working out the total amount of all the company's production expenditure on the film. The total amount of all production expenditure is relevant to the test in paragraph 376‑15(1)(g).

376‑35  Production expenditure—specific exclusions

  Despite sections 376‑25 and 376‑30, the following expenditure of a company is not production expenditure of the company on a *film:

Expenditure that does not count as production expenditure on a film
Item                                                                 This kind of expenditure by the company is not production expenditure...                                                                                                                                             except to the extent to which the expenditure is...