AFC merges in Budget speech

The Australian Film Commission will merge with the Film Finance Corporation and Film Australia under budget plans announced by the Treasurer tonight.

They will form a super-authority known as the Australian Screen Authority (ASA).

The government will also replace the 10BA tax incentive with a Producers’ Rebate offering “40 percent of eligible Australian expenditure to producers of qualifying feature films, with a 20 per cent rate for qualifying television productions.”

Longform television will be eligible for the rebate for the first time.

It is also increasing the incentives for off-shore production to carry out post-production work in Australia.

Press Release here.