The Producer Offset has a commencement date of 1 July 2007, so QAPE can only be claimed for expenditure incurred on or after 1 July 2007. This means that you cannot claim any development expenditure incurred before this date as QAPE.
However, these guidelines take into account several amendments made to the Income Tax Assessment Act 1997 (ITAA),* and therefore assume that a project commenced production on or after 1 July 2012, which is the date of the commencement of the definition of documentary (item 12(1) in Schedule 1 to the Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013).
If your project commenced principal photography before 1 July 2012, you must contact the POCU.
A project must be completed prior to applying for a Producer Offset final certificate.
For the purposes of the Producer Offset, a project is completed when it is first in a state where it could reasonably be regarded as ready to be distributed, broadcast or exhibited to the general public (section 376-55(2) of the ITAA). This means:
- if the project is a feature film: the manufacture of a release print or digital equivalent (i.e. DCP); or
- for other distribution platforms: a fully mixed digital master.
We require proof of the completion date for final certification. This would take the form of a ‘tech check’ or letter of confirmation from the post house.
* including by the Tax Laws Amendment [2011 Measures No. 7] Act 2011 and the Tax and Superannuation Laws Amendment [2013 Measures No. 2] Act 2013