The Federal Government’s impending media reforms have come under fresh scrutiny from the post-production sector, which is calling for a reassessment of the proposed changes to the Post, Digital and Visual Effects (Pdv) Offset.
While the government backtracked on its initial plan to reduce the Producer Offset for feature films to 30 per cent last month at the behest of industry, there are still plans to double the minimum qualifying expenditure threshold to $1 million, both for that rebate and the 30 per cent Pdv Offset.
In the case of the latter, the move may alter the scope of work available.
Animal Logic CEO and Ausfilm deputy chair Zareh Nalbandian told If raising the minimum Pdv spend could be the difference between winning a project that was a “good stepping stone” for a growing business and “never getting past first base”.
“It is really short-sighted if we want to leverage the opportunity...
While the government backtracked on its initial plan to reduce the Producer Offset for feature films to 30 per cent last month at the behest of industry, there are still plans to double the minimum qualifying expenditure threshold to $1 million, both for that rebate and the 30 per cent Pdv Offset.
In the case of the latter, the move may alter the scope of work available.
Animal Logic CEO and Ausfilm deputy chair Zareh Nalbandian told If raising the minimum Pdv spend could be the difference between winning a project that was a “good stepping stone” for a growing business and “never getting past first base”.
“It is really short-sighted if we want to leverage the opportunity...
- 5/3/2021
- by Sean Slatter
- IF.com.au
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