After more than a decade of lobbying by Ausfilm, crew, studios and other service businesses, the government announced at the Federal Budget it has decided to permanently lift the Location Offset to 30 per cent from July 1 this year.
Production in Australia is booming. In the last four years, the Producer Offset, PDV Offset and the combined Location Offset and Incentive have resulted in a whopping $16.5 billion of economic output, and in the last financial year alone, created 20,600 jobs. However, a new report from Olsberg SPI suggests uncertainty about the future of the Location Incentive risks continued growth and infrastructure investment.