The Australian Post & VFX Alliance is the voice of Australian-owned picture, sound and music post-production companies that have come together to ensure our industry survives and thrives.
This ambitious, growing industry employs hundreds of Australians in full and part-time roles working on Australian and international productions, underpins sector-wide training opportunities for up-and-coming talent, and generates millions for our economy.
DON’T TURN OUR OFFSET OFF!
What’s the problem?
Before COVID, many international post-production projects never came to Australia. But now, Australian-owned companies have been able to compete and win millions in post-production and visual effects work that can be done remotely, helped in a big way by the government’s Post, Digital and Visual Effects (PDV) 30% tax rebate.
But that tax rebate is now at risk. The government proposes to raise the PDV Offset threshold from $500,000 to $1 million. Most post productions are under $1 million, so increasing the tax rebate threshold to $1 million will leave Australian-owned firms unable to compete. It’s turning our offset off!
What have we got to lose?
- Will miss out on the millions worth of post-production and visual effects projects every year with growing export revenues cut off overnight.
- Will lose over 400 full and part-time jobs in Australia.
- Will lose the opportunity to use this investment to cross-subsidise Australian productions and tell Australian stories.
- Won’t be able to grow and expand this important industry that showcases and grows Australian talent.
How can you help?
Join our Alliance now and urge the government to reconsider this legislation change because we can’t afford to lose another Australian industry or more jobs.