South Australia Announces New PDV Rebate Scheme
South Australia’s Minister for the Arts and Premier Jay Weatherill today announced the largest ever direct boost to the SA film industry, with a new un-capped rebate which will strengthen the State’s ability to attract large budget and international productions.
South Australia now boasts Australia’s best post production rebate scheme, making the state more globally competitive in attracting blockbuster films that use Visual Effects (VFX), such as Thor: Ragnarok, X-Men: Dark Phoenix and Tomb Raider.
The new ‘Post Production, Digital and Visual Effects’ (PDV) Rebate will see companies receive a rebate of 10 percent of their South Australian expenditure, mirroring the Australian Federal Government’s PDV Offset of 30 percent. Combined, South Australian post production companies can now offer a 40 percent rebate on spend in the state to international film producers.
The PDV rebate is not limited by funding, increasing the scope and diversity of productions that are able to bring their post to South Australia. The rebate is un-capped, automatic and non-discretionary for productions that meet the guidelines, and replaces the previous grant that was limited to $150k per production.
Acting CEO of the SAFC Adam Smith said “This rebate will benefit the broader South Australian screen sector by significantly increasing the state’s overall investment in supporting local, national and international production activity in the state and resulting job creation.”
Applications for the new PDV rebate are open from the 1st of January, 2018.
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