Federal Budget Bad for Film Business

The most recent federal budget announced that $300 million would be set aside for Film and Television Production, including rebate incentives of 40% for Australian Films and 20% for TV.

This is offset by the plan to abolish what is known as the 10AB Incentive. This allows for producers to write off 100 per cent of their costs as a tax deduction and has stimulated the film industry in recent years. There are concerns that the removal of this incentive will see a drop in film production.

Read the Official Alliance Press Release here. Uncertain Future for Aussie Arts.

Absit invidia

Jeff Watkins
Perth based Actor/Performer
Fight/Sword Choreographer
Virgin Director

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