If the government were to adopt the recent House of Reps inquiry’s recommendations to level each of the offsets to 30 per cent and decouple the Location and PDV Offsets, the total value that offset-supported production adds to the Australian economy every year would grow by almost 35 per cent to $1.6 billion by 2021-22.
CJZ MD Nick Murray has a cautionary message for those who are calling on the Federal Government to double the Producer Offset for TV productions to 40 per cent: Be careful what you wish for.
The decision by a number of recent productions to appoint foreign cinematographers has caused a wave of consternation across the local industry.
The Documentary Australia Foundation is urging the Federal Government to treat documentary distinctly from drama as it proceeds with reform to the Producer Offset.
Two "massive moveables" - that is, COVID-19 and the delay in legislative changes to the offsets - mean Screen Australia has been scenario planning.
In a welcome move for industry, the Federal Government has backtracked on its decision to harmonise the Producer Offset for film and television, announcing on Sunday that the offset will remain at 40 per cent for theatrical features.
The Federal Government has announced it will alter the threshold for the TV Producer Offset, meaning serials like 'Home and Away' will now be able to qualify for the 30 per cent rebate.
Extending the Producer Offset to games developers would be a positive according to The Greens