Screen Australia E-Bulletin

25 June 2009

TERMS OF TRADE UPDATE:
REVISED CAP ON SCREEN AUSTRALIA'S INVESTMENT IN FEATURES

At its meeting on 15 June 2009 the Screen Australia Board decided to reduce the cap on its investment per feature film project from $5 million to $3 million (or $3.5 million in exceptional circumstances). The Board was of the view that $5 million for a single project would account for too high a percentage of available funds, given Screen Australia's reduced appropriation in 2009/10.

Further, the Board noted that only projects with relatively high budgets could have accessed the full $5 million anyway, given that total government support (Screen Australia investment and Offset) is also capped as a proportion of the project's budget. Such higher-budget films should have significant market support and solid marquee attachments, and should therefore be less reliant on a large top up from Screen Australia.

Screen Australia's Terms of Trade have now been revised to incorporate this change.

 

 

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