Australia, already one of the world’s leading inbound production hubs, has increased its Location Offset for international film and TV productions shooting in the country to 30% from the current 16.5%, effective from July 1, 2023.
The news was announced as part of Australia’s 2023-24 national budget by federal treasurer Jim Chalmers.
In 2020 during the early days of the pandemic, Australia topped up its existing schemes with a $270M (A$400M) Location Incentive program, which will now be merged into the Location Offset, also effective July 1.
A recent study by UK-based consultancy Olsberg Spi, commissioned by the Motion Picture Association (MPA) and the Australia New Zealand Screen Association (Anzsa), found that Australia’s film and television incentives contributed a total of $11.4Bn (A$16.5Bn) to the country’s economic output for the four years to the 20201/22 financial year.
The report also found that in 20201/22, total production expenditure in Australia grew to more...
The news was announced as part of Australia’s 2023-24 national budget by federal treasurer Jim Chalmers.
In 2020 during the early days of the pandemic, Australia topped up its existing schemes with a $270M (A$400M) Location Incentive program, which will now be merged into the Location Offset, also effective July 1.
A recent study by UK-based consultancy Olsberg Spi, commissioned by the Motion Picture Association (MPA) and the Australia New Zealand Screen Association (Anzsa), found that Australia’s film and television incentives contributed a total of $11.4Bn (A$16.5Bn) to the country’s economic output for the four years to the 20201/22 financial year.
The report also found that in 20201/22, total production expenditure in Australia grew to more...
- 5/10/2023
- by Liz Shackleton
- Deadline Film + TV
Australia, already one of the world’s biggest hubs for international film and TV production, has increased and streamlined the ‘Location Offset’ scheme that is at the heart of its ability to attract runaway productions.
The Location Offset will be increased from its current 16.5% rebate of Australian qualifying production spend, to 30%. At the same time a discretionary 13.5% grant scheme will be merged into the offset system. Both changes are effective from July 1.
The moves were announced on Wednesday as part of the 2023-24 national budget by federal treasurer Jim Chalmers. His decision involves the injection of an additional A$112 million ($76.2 million) into the system over the next four years.
(Separately, A$286 million [$195 million] over five years will go to Creative Australia and on to four new arts bodies: a First Nations led body, Music Australia, Writers Australia and Creative Workplaces. A further A$535 million [$364 million] will go to nine museums and art...
The Location Offset will be increased from its current 16.5% rebate of Australian qualifying production spend, to 30%. At the same time a discretionary 13.5% grant scheme will be merged into the offset system. Both changes are effective from July 1.
The moves were announced on Wednesday as part of the 2023-24 national budget by federal treasurer Jim Chalmers. His decision involves the injection of an additional A$112 million ($76.2 million) into the system over the next four years.
(Separately, A$286 million [$195 million] over five years will go to Creative Australia and on to four new arts bodies: a First Nations led body, Music Australia, Writers Australia and Creative Workplaces. A further A$535 million [$364 million] will go to nine museums and art...
- 5/9/2023
- by Patrick Frater
- Variety Film + TV
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