South Australian screen sector to benefit from today’s Federal Government Location Incentive announcement (4 May 2018)May 4 2018
South Australia stands to benefit more than any other state from the announcement by the Federal Government this morning of a competitive AUD$140million Location Incentive Fund to attract major international film and television production to Australia. The Location Incentive will effectively provide an increase to the Location Offset rate from 16.5 per cent to 30 per cent for eligible large budget international productions that film in Australia from 1 July 2018.
South Australia already boasts Australia’s best post-production rebate scheme, the Post Production, Digital and Visual Effects’ (PDV) Rebate, an uncapped, automatic and non-discretionary 10% rebate on South Australian spend for productions that meet the guidelines.
South Australian Film Corporation CEO Courtney Gibson welcomed the announcement from Minister for Foreign Affairs and Trade, The Hon. Julie Bishop MP, the Minister for the Arts, Senator The Hon. Mitch Fifield and Minister for Tourism, Trade and Investment, The Hon Steve Ciobo MP of the Location Incentive Fund to be delivered over four years.
“This is great news for Australia, but even better news for South Australia. With our 10% PDV rebate on top of this increased Federal Location Incentive, South Australia is able to offer the bes trebates in the country,” Gibson said.