News & Events
SAFC welcomes Federal legislation supporting the screen sector
02 December 2021
The SAFC welcomes the passing this week of federal legislation ensuring tax incentives will remain in place to support the creation of Australian screen content.
Parliament yesterday passed the Treasury Laws Amendment (2021 Measures No. 5) Bill 2021, which sees the Producer Offset for television productions increase from 20% to 30%. Amendments also passed yesterday will see the minimum qualifying Australian expenditure (QAPE) threshold remain at $500,000 for both the Producer and Post, Digital and Visual Effects offsets. South Australian producers will also welcome the news that the “Gallipoli clause” has been retained – which enables eligible expenditure incurred in other countries to be claimed for the Producer Offset.
As the first screen agency in Australia to offer a state incentive for PDV – the 10% SA PDV Rebate, which can be stacked with the Federal PDV Offset to attract a 40% Rebate for eligible PDV work undertaken in South Australia – the SAFC is particularly pleased at this positive result for South Australia’s world-class post-production sector, ensuring our PDV companies will continue to be able to take advantage of critical tax incentives to grow their businesses and remain competitive in the international market.
The SAFC also welcomes the increase to the Producer Offset for television productions, which will support production of Australian content for the small screen and provide more opportunities for jobs for creatives, talent and crew.