17Who is entitled to the charge offset

17 Who is entitled to the charge offset

(1) A parent entity is entitled to a charge offset for a financial year if:

(a) charge is payable by the entity for the financial year; and

(b) at least 8 different news business corporate groups are each a group in relation to which one or more members of the service group have an amount of new eligible expenditure greater than nil for the financial year.

(2) The eligible expenditure of a member of the parent entity’s service group for the financial year includes any amount of expenditure incurred by the member during the financial year as described in:

(a) subsection 18(1) or (2) (about commercial deals); or

(b) section 19 (about arbitrated agreements);

in relation to a news business corporate group.

Note: In working out under subsection 20(1) the amount of the parent entity’s charge offset, this expenditure is known as new eligible expenditure.

(3) The parent entity’s eligible expenditure for the financial year includes any amount described in subsection 20(2) that may be carried forward by the parent entity to the financial year in relation to a news business corporate group.

Note: In working out under subsection 20(1) the amount of the parent entity’s charge offset, this expenditure is known as carried forward eligible expenditure.