Division 10BA (1981) of the Income Tax Assessment Act 1936 allowed investors a 150% tax concession on their investment at risk. In the 1980s, private financing increased as a result of tax incentives for Australian-made film and television productions. The South Australian Film Corporation was established in 1972 to promote and produce films, while the Australian Film Commission was created in 1975 to fund and produce internationally competitive films. Prime Minister Gough Whitlam continued to support Australian film. John Gorton was Prime Minister of Australia from 1968–1971 and initiated several avenues of Government support for film and the arts, establishing the Australian Council for the Arts, the Australian Film Development Corporation and the National Film and Television Training School. It was later known as the Commonwealth Film Unit and ultimately as Film Australia.įeature filmmaking in Australia, however, did not receive comprehensive government support until the 1970s.ĭuring the 1970s, most Australian features were funded by the Australian Film Commission (established 1975) and its state government counterparts. In 1945 the federal government created the Australian National Film Board, with a brief to produce documentaries. The Government of New South Wales gave minor financial assistance to a number of productions in the 1930s.
At the same time, direct financial support for the industry was less forthcoming. In 2007, the Australian Government introduced the Australian Screen Production Incentive, a package of tax incentives designed to encourage private investment in Australian-produced films, television shows and documentaries.Īt a number of times since the inception of the Australian film industry, the Australian government has experimented with quota-based support models, largely without success.
AUSTRALIAN MOVIE PRODUCTION COMPANIES TV
Meanwhile, TV drama has received about half of its financing from the industry itself and about 15% from government sources, while foreign investment has also been significant, reaching a peak of 49% in 1999/2000. For independent Australian films, the proportion of government support is much higher. However, this group includes a number of films, such as Moulin Rouge (2001) and Happy Feet (2006), that were substantially financed by Hollywood studios. This was mainly from the Film Finance Corporation (FFC), until 2008 when the FFC merged with the Australian Film Commission and Film Australia to become Screen Australia. Since 1995/96, 25-30% of funding for [Australian feature films (local films and co-productions) has come from government sources. To a significant extent, government policies have shaped the form and scale of financing. Over the past 30 years, government assistance has involved a mixture of government support, distributor/ broadcaster involvement and private investment. Film and TV financing in Australia refers to government assistance to TV and cinema in Australia.
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