25Expenditure statements for provisional certificates

25 Expenditure statements for provisional certificates

(1) For paragraph 9(4)(b), an expenditure statement for a provisional certificate for the location offset must comply with subrules (2) to (7). (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: (i) item 4 of the table in subsection 376‑150(1) of the Act (expenditure incurred in producing additional content); or (ii) an item of the table in subsection 376‑165(1) of the Act; and (c) specify any expenditure incurred by an outgoing company. (3) The expenditure statement must include a statement of the estimated qualifying Australian production expenditure on the film. (4) The expenditure statement must also include: (a) a description of each budget item; and (b) the amount of projected expenditure on each budget item; and (c) details of each service provider by budget item; and (d) details of the location in which, and the period over which, each service or good has been, or will be, provided; and (e) details of the location of any land to be used in making the film, and the period of use of the land. (5) An amount in an expenditure statement must be expressed in Australian currency. (6) 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) if principal photography or the production of animated images (as applicable) has not commenced at the time that the expenditure statement is prepared—a reference to the exchange rate applicable at the time when principal photography commences or production of the animated image commences is a reference to an exchange rate estimated by the applicant. (7) 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 (6), the expenditure statement must also include the exchange rate, or estimated exchange rate, used to translate the amount.