Queensland’s post-production sector will get a major boost with the announcement of a new post, digital and visual effects (PDV) incentive to attract high-end post production work.
Premier Annastacia Palaszczuk said the new 10 per cent rebate would put Queensland in a competitive position to attract large national and international post-production projects.
“We have a track record of attracting productions to film in Queensland and we want to build on that momentum and provide a one-stop shop for productions to make their entire projects here right through to post-production,” the Premier said.
“Similar incentives overseas and interstate have seen the establishment of post-production hubs in those areas, contributing to a lucrative global industry worth US$15 billion annually.
“Job opportunities will continue to increase as more computer-generated effects are used in productions, creating new and exciting career pathways for Queensland students looking to work in the screen industry.”
The new grant is available to eligible productions that spend a minimum of $500,000 on Queensland PDV and offers a 10 per cent, uncapped rebate that can also be used in conjunction with Federal Government incentives.
The enhanced PDV grant would be a game changer for the local post-production sector.
“The incentive will create the right economic environment to attract major post-production companies to establish offices in Queensland, to build on and work with our existing local capability,” the Premier said.
“The new PDV grant will open doors and new business opportunities for our local post-production companies with major film and television content creators in Australia and overseas.
“We will continue to work closely and collaboratively with the Queensland post-production sector to leverage this opportunity worldwide, with key meetings to occur in LA during Ausfilm Week that will maximise the benefit this PDV grant will bring to the local industry.”