New Zealand introduces 40 per cent grant for its own films

By 2008-05-22T14:57:00

Expenditure must exceed $3.93m (NZ$5m) to qualify for the new Screen Production Incentive Fund (SPIF) and a cap of $4.7m (NZ$6m) applies to the grant. This means that as a film's budget climbs higher than $11.79m (NZ$15m) the grant gets progressively less as a percentage of the total budget, ie ...

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