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Film industry incentives 2011-12

If you invest in the Australian film industry, you may be eligible for a special tax deduction.

Last updated 27 June 2012

What's new?

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.