Producer Rebate - Legislation Passed
The legislation enacting the Australian Screen Production Incentive package has been passed through Federal Parliament.
The legislation provides for a 40 per cent rebate to producers of Australian films, a 20 per cent rebate for the production of television and documentaries; a 15% Location Offset rebate to attract large-budget overseas productions to Australia (this is an increase of 2.5% on the old foreign production incentive); and a 15 per cent rebate on post production work of over $5 million.
While the legislation does not preclude broadcasters from accessing the rebate the government does not intend to disadvantage independent television producers.
Announcing the new laws, Federal Arts Minister George Brandis said a review would be conducted in 12 months looking at the impact of the offsets on the balance between in-house productions by broadcasters and independent producers.
The legislation also covers the establishment of the new agency, Screen Australia (no longer The Australian Screen Authority), which will incorporate the FFC, Film Australia and the AFC into a single agency.
The incentives are part of the comprehensive package of measures announced earlier this year as part of 2007-08 Federal Budget to significantly boost support for the Australian Film and Television Industry.
For more information on the new legislation go to www.dcita.gov.au/arts_culture/film
The legislation provides for a 40 per cent rebate to producers of Australian films, a 20 per cent rebate for the production of television and documentaries; a 15% Location Offset rebate to attract large-budget overseas productions to Australia (this is an increase of 2.5% on the old foreign production incentive); and a 15 per cent rebate on post production work of over $5 million.
While the legislation does not preclude broadcasters from accessing the rebate the government does not intend to disadvantage independent television producers.
Announcing the new laws, Federal Arts Minister George Brandis said a review would be conducted in 12 months looking at the impact of the offsets on the balance between in-house productions by broadcasters and independent producers.
The legislation also covers the establishment of the new agency, Screen Australia (no longer The Australian Screen Authority), which will incorporate the FFC, Film Australia and the AFC into a single agency.
The incentives are part of the comprehensive package of measures announced earlier this year as part of 2007-08 Federal Budget to significantly boost support for the Australian Film and Television Industry.
For more information on the new legislation go to www.dcita.gov.au/arts_culture/film