Document ID: chunk:federal_register_of_legislation:F2018L00112:clause:3_27
Version: federal_register_of_legislation:F2018L00112
Segment Type: clause
Provision Reference: sch 3 cl 27
Character Range: 26726–29173

27  Expenditure statements for provisional certificates
 (1) For paragraph 9(4)(c), an expenditure statement for a provisional certificate for the producer offset must comply with subrules (2) to (6).
 (2) An expenditure statement must:
 (a) distinguish expenditure that has been, or will be, incurred on film production activity carried out in Australia from expenditure that has been, or will be, incurred on film production activity carried out outside Australia; and
 (b) specify any estimated qualifying Australian production expenditure claimed under item 2 of the table in subsection 376-170(2) of the Act (expenditure for travel to Australia and other countries); and
 (c) specify any expenditure incurred by an outgoing company.
 (3) An expenditure statement must also include:
 (a) a statement of the estimated qualifying Australian production expenditure, and the total film expenditure, on the film; and
 (b) a description of each budget item; and
 (c) the amount of projected expenditure on each budget item; and
 (d) details of each service provider by budget item; and
 (e) details of the location in which, and the period over which, each service or good has been, or will be, provided; and
 (f) details of the location of any land to be used in making the film, and the period of use of the land.
 (4) An amount in an expenditure statement must be expressed in Australian currency.
 (5) For the purposes of an expenditure statement, an amount in foreign currency that is relevant for a purpose mentioned in column 2 of item 9 of the table in subsection 960-50(6) of the Act must be translated into Australian currency using the special translation rule in that item as if:
 (a) a reference in that item to qualifying Australian production expenditure were a reference to estimated qualifying Australian production expenditure; and
 (b) a reference to the time when principal photography commences or production of the animated image commences were a reference to the date estimated by the applicant for paragraph 2.4(a) or (b) (as applicable) of Part A of Schedule 1.
 (6) If an expenditure statement includes an amount in foreign currency that has been translated into Australian currency using the special translation rule in item 9 of the table in subsection 960-50(6) of the Act, as applied in accordance with subrule (5), the expenditure statement must also include the estimated exchange rate used to translate the amount.