The local industry has greeted both moves with relief.
In a move welcomed with relief by the industry, the Australian government has passed legislation boosting the funding it provides for local television drama and dropping a series of changes that would have added to the difficulty of financing, in particular, low-budget features and documentaries.
The changes confirmed this week mostly relate to the Producer Offset (Po), a tax rebate for local production and for official co-productions between Australia and other countries. The rebate is now worth 30% up from 20% for TV drama, while the rebate for features stays at 40%. It had...
In a move welcomed with relief by the industry, the Australian government has passed legislation boosting the funding it provides for local television drama and dropping a series of changes that would have added to the difficulty of financing, in particular, low-budget features and documentaries.
The changes confirmed this week mostly relate to the Producer Offset (Po), a tax rebate for local production and for official co-productions between Australia and other countries. The rebate is now worth 30% up from 20% for TV drama, while the rebate for features stays at 40%. It had...
- 12/3/2021
- by Sandy George
- ScreenDaily
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