Super money to cash flow offset

Superannuation fund Media Super and Fulcrum Media Finance have partnered in a $20m revolving loan fund to cash flow the Producer Offset.

“The new film fund should be a shot in the arm for the industry as well as providing our members with a sound financial return,” said Gerard Noonan, chairman of Media Super.

Noonan emphasised the fact that the Offset is not linked to, or reliant upon, the financial success of the film.

“It is simply a debt facility principally secured by the payment of the Producer Offset tax rebate,” he said.