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Reversion to cease for legacy agency titles

Producers have until 20 December 2019 to apply to acquire Screen Australia’s recoupment entitlement for all pre-1 January 2009 production investments.

This predominately impacts titles funded through Screen Australia’s legacy agencies (the AFC and FFC) and the first six months of Screen Australia’s operation (July-December 2008). Producers have been able to apply for reversion on these titles since 2009, with Screen Australia already having successfully processed over 600 applications to date.

Given the opportunity to apply for reversion has been available for ten years, it is expected most eligible parties will have already submitted their application.

The application process for reversion is unchanged, with applicants needing to submit a ‘Request for Reversion of Entitlements’ form. However, from today (1 July 2019) the reversion date will no longer be back-dated to 1 July 2015, but rather will be the date of receipt of the reversion application form. In practice, this means the producer will benefit from the reversion from the date they put in their reversion application only.

This change is not relevant to titles funded directly through Screen Australia from 1 January 2009 onwards. These productions already have reversion clauses built into their Production Investment Agreement, typically triggered after seven years. Producers of these titles do not need to apply for reversion.

The reversion policy has been further simplified for productions funded from 1 July 2019 and is reflected in the Terms of Trade.

For questions, email [email protected]