Film industry incentives 2011-12

What's new?

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This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

Enhancements to film tax offsets

The following enhancements have been made to the film tax offsets, as a result of the recent review of the Australian independent screen production sector:

• The producer offset expenditure threshold has been lowered to $500,000.
• Direct funding is available for low budget documentaries that fall under the $500,000 expenditure threshold.
• The rate of the location offset has increased from 15% to 16.5%.
• The post, digital and visual effects (PDV) offset has increased from 15% to 30%.
• Some additional screen production costs can be claimed as qualifying Australian production expenditure (QAPE) under the film tax offsets.
• Television series will benefit from the producer offset for the first 65 broadcast hours (replacing the current 65 episode limit).
• Goods and services tax (GST) amounts are excluded in determining QAPE for the film tax offsets.