Plot twist for feature film offset, while TIF sails on and SVOD still a whodunit

The Government has announced that the Producer Offset for feature films that receive a theatrical release will stay at 40 per cent, and not drop to 30 per cent from July as announced last year. However, the threshold level of expenditure will still increase from $500,000 to $1,000,000 as previously flagged, and the so-called Gallipoli clause will be removed which will disallow certain expenditure overseas (as we discussed here). The proposed increase in the level of the Producer Offset for television, from 20 per cent to 30 per cent, will also still proceed.

Minister for Communications, Urban Infrastructure, Cities and the Arts, The Hon Paul Fletcher, also announced that the Temporary Interruption Fund, which assists producers in meeting the requirement to insure against interruptions to production caused by COVID-19, will be extended through to the end of 2021. The program, administered by Screen Australia, has provided access to a revolving fund which has enabled