Arts and Culture

Film - tax incentives 10BA and 10B

Film - tax incentives 10BA and 10B

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A review found tax incentive schemes 10B and 10BA to have limited effectiveness. The schemes been replaced by the Producer Offset which was introduced in 2007.

No new applications for provisional certification for Division 10BA or for certification 10B are being accepted following passage of the amending legislation that gave effect to the new Producer and Location Offsets.

The concessional status for investment in productions holding a valid 10B or 10BA certificate will continue to be available until 30 June 2009. Films holding a valid 10BA certificate will still be able to apply for final certification once the project has been completed.

Screen Australia is responsible for administering the Producer Offset. The offset was previously administered by the Film Finance Corporation which merged into Screen Australia on 1 July 2008.