Weatherill Govt To Introduce New Un-capped Rebate For Film Industry

Weatherill Govt To Introduce New Un-capped Rebate For Film Industry

South Australia Premier Jay Weatherill

South Australia Sets Sights On Big Budget Films

Victor P Taffa

In what will be the largest ever boost to the South Australian film industry, the State Government is introducing a new un-capped rebate which will strengthen the State’s ability to attract large budget productions.

“This is the most substantial investment ever directly injected into South Australia’s film industry, and will make us incredibly competitive in attracting big-budget activity to the State.” Premier Jay Weatherill said.

“South Australia has a strong film making heritage via the SA Film Corporation with films such as Picnic at Hanging Rock, Shine, Breaker Morant and more recently Wolf Creek and Snowtown.”

New ‘Post Production, Digital and Visual Effects (PDV)’ rebates will ensure that South Australia is globally competitive in attracting blockbuster films that use Visual Effects (VFX), such as Thor: Ragnorak, X-Men: Dark Phoenix and Tomb Raider.

They will also support the State’s ability to secure content production for on-demand services such as Netflix.

Rebates will be available from 1 January and will replace the previous scheme, which was a grant limited to $150,000 per film.

Film industry is set to become one of the State’s fastest growing sectors, with several hundred new jobs expected to be created and an economic benefit of around $200 Million.

“This initiative will help to bolster the local industry and attract new companies to South Australia and in doing so will also grow the broader digital capabilities of the State.” Minister for Investment and Trade Martin Hamilton-Smith said.

“Our expanded PDV grant scheme will be another attraction to doing business in VFX industry in the State in addition to our talent pool, lifestyle and competitive business conditions.”

Implementation of the expanded scheme will help existing South Australian companies, such as VFX firm Rising Sun Pictures, whose work has received Academy Awards® nominations, and has featured in numerous big budget films (Gravity, the Harry Potter and X-Men franchises, Lord of the Rings: Return of the Kings), along with major facilities house Kojo (Wolf Creek TV, The Babadook) and emerging television CGI firm Resin (Philip K Dick’s: Electric Dreams).

It will also encourage new entrants into the South Australian VFX ecosystem.

South Australia’s education providers are working closely with the local industry to develop the skills required to meet the future employment needs of the fast growing sector.

Background

Expanded Post Production, Digital and Visual Effects (PDV) rebate scheme is an initiative of Investment Attraction South Australia, The South Australian Film Corporation, the Department of State Development and Arts South Australia.