In a major overhaul of the regulatory system, the Federal Government is scrapping the fixed quotas for local drama, children's programming and documentary and harmonising the film and TV Producer Offsets at 30 per cent.
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.
Almost half of the Australian feature films released last year are eligible to claim the Producer Offset, according to a survey by INSIDEFILM
That the Producer Offset be adjusted to 30 per cent for all qualifying productions, regardless of platform, is among the key recommendations to come out of the parliamentary inquiry into the growth and sustainability of the screen industry.
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.
Alex Proyas' sci-fi feature has qualified for the Producer Offset
If elected, Labor has promised $40 million to the ABC to support drama, comedy, children’s and music programming, and $20 million to SBS to support more Australian content.
Last Dance has become the latest Australian screen production to receive support from the government's export credit agency