South Australian Film Corporation shifts to grant funding model
The South Australian Film Corporation (SAFC) will move to a 100% grant model of funding, removing the cost limits for drama production on both television and features.
SAFC’s new funding grant will complement the Southern Australian Post, Digital and Visual Effects (PDV) Rebate Scheme, which was announced in December.
South Australia’s PDV rebate gives companies 10% of their South Australian expenditure, while South Australian post-production companies can now offer a 40% rebate on spend in the state to international film and television producers.
The change to the funding model seeks to simplify the application and contracting processes for producers and the investors.
The SAFC will remain discretionary.
Adam Smith, acting chief executive officer of SAFC, said the model will make it easier to generate and attraction production.
“South Australia boasts Australia’s most attractive PDV rebate scheme, and we believe these significant changes to Production Funding means South Australia now also offers the simplest and most attractive grant available for production in Australia,” Smith said.
The new funding guidelines are effective for agreements issued from January 1.
