Climbing dollar, vanishing foreign productions, location offset looking miserable… David Heazlewood, transport manager at FilmFleet has been circulating a proposal.
David Heazlewood proposing that the Federal Government indexes the Location Offset to the rising Australian dollar.
His email states, “If the $AU goes above 80 cents, the rebate increases on par till 95 cents is reached. The maximum benefit is capped at a level which the Treasury calculates as cost neutral. I believe that point would be around 30 cents. If you use Australia’s Aggregate Tax Burden as a proportion of GDP which is 31.6% you would increase the rebate to 30%. This guarantees production companies that as long as the dollar is less than 95 US cents they are locked in at 65 Cents.”
