Higher PDV/Location incentive still needed: Fuel VFX
Fuel VFX executive producer Jason Bath believes that a higher PDV/Location incentive is still needed for Australia to be a competitive destination.
“The PDV/Location Offset is still under official review by the Government, and they know we strongly believe that higher incentive is needed to make us truly competitive,” Bath told Encore.
“We continue to lobby in that regard.”
The 2010 Budget announcement brought a reduced threshold for the PDV rebate, $500,000 instead of $5m. The sector welcomed the changed, but that doesn’t mean the job is done.
“What the industry has been able to achieve in this budget, however, was a quick response from the Government to help redress some of our disadvantages immediately,” explained Bath. “The impact the lower threshold has is all about the “opportunity” to bid. You have to be in it to win it, and up until now we haven’t even been “in it”. So our bidding activity over the next 3-6 months will be a big indicator of how the lower threshold is perceived in the US.”
