The Sunday Mail (Queensland)
Brown stars in film tax break thriller
ACTOR Bryan Brown has helped secure the future of Australian big screen movies by lobbying the federal government to dump plans to cut a much-needed tax break which added more than $300m to the economy each year.
The government had proposed lifting a tax break, called the producer offset rate for drama and documentary content for television and streaming platforms from 20 per cent to 30 per cent of a production’s budget.
It also mooted reducing another tax break, the 40 per cent producer offset rate for Australian feature films with a theatrical release, down to 30 per cent of a movie’s budget.
He warned the queue of overseas productions coming here could end once COVID was gone. After talks with Arts Minister Paul Fletcher — along with Prime Minister Scott Morrison and Treasurer Josh Frydenberg — Brown got what he wanted.
The Sunday Mail can reveal the federal government will not only reinstate the 40 per cent producer offset rate but also extend the $50m Temporary Interruption Fund that covers losses from COVID by another six months.