Screen industry celebrates launch of new location offset rates

The Australian Parliament today passed legislation increasing the national Location Offset to 30%, a move championed by industry representatives as positioning the country competitively to attract production and work to our shores. Ausfilm called the legislation a "huge win for the Australian screen industry and broader Australian economy... bringing millions of dollars of direct foreign investment into local businesses, delivering sustainable careers, creative innovation, skills and training, and complementing existing funding for Australian projects.

The increased rebate will apply to projects that commence production after 1 July, 2023. Minimum qualifying Australian production expenditure thresholds have been increased from A$15 million, and A$1 million per hour for television series, to A$20 million, and A$1.5 million per hour for television series.
New eligibility requirements will be introduced. Productions must:

• Meet minimum training obligations or contribute to the broader workforce and infrastructure capacity of the sector.
• Engage one or more Australian providers to deliver post, digital and visual effects for the production.
• Provide new reporting to capture data including employment of Australian crew and use of Australian businesses.

The welcome news comes as the WA screen community comes together to enjoy the Revelation Perth International Film Festival- on until Sunday 14th July.

Learn more about production incentives in Australia at Ausfilm.com