TheQueensland Government has added a post-production incentive scheme to the raftof temptations it already offers local and overseas film and televisionproducers who decide to shoot in the North-East corner of Australia.
Themove makes Queensland a one-stop production shop, said the Minister for ArtsRod Welford, who announced the scheme when he officially opened the annualconference of the Screen Producers Association of Australia (SPAA) on Sunday.
Companiesthat spend more than $770,000 (A$1m) on post-production with Queensland firmswill be eligible for the incentive, receiving $77,000 for qualifying localexpenditure of up to $1.5m, rising to $231,000 for in excess of $2.3m.
"Amajor international production with a budget of $38m can spend up to 30 percent of this amount on post-production -- editing the picture and soundtrack,adding visual or special effects and adding audio sound effects - and thisscheme will provide an incentive for that work to be done in Queensland."
"Astrong post-production sector is critical to retain talented staff inQueensland and for companies to keep pace with technological advances," headded.
Queenslandpioneered attracting runaway production to Australia and already offers some ofthe most generous state-based incentives through the Pacific Film andTelevision Commission. These include a cast and crew salary incentive, head ofdepartment incentive and payroll tax rebate. Queensland also argues that itscrew and other production costs are less than in some other states.
Welfordsaid that production expenditure for the 2005/06 financial year had alreadyreached $26m in just six weeks. Expenditure totalled $69m for the previous fullyear.
TheFederal Government also offers a 12.5% refundable tax offset for large film productions.