none

Export support for Aussie production company

17-08-2010
by 
in 

Export Finance and Insurance Corporation (EFIC), the Australian Government’s export credit agency, is working to provide its first Producer Offset loan to an Australian film and television production company.

EFIC’s loan for approximately $496,000 will be made to Rock Island Productions Pty Ltd, a production company owned by Goalpost Pictures and director Tony Tilse.

The loan follows EFIC’s launch in May 2010 of the Producer Offset loan product, a facility which supports the financing of eligible Australian film and television productions which have international distribution agreements.

EFIC’s Producer Offset loan will be provided in relation to the Australian Government’s Producer Offset initiative, which provides refundable tax rebates for producers of eligible Australian feature films, television and other projects.

Arclight’s Easternlight films holds the international distribution rights for Panic at Rock Island.

“We’d secured commercial backing for the project, but we still faced a funding gap between the time when we will incur production costs and receive the Producer Offset through the tax system”, said Rosemary Blight, the producer of Panic at Rock Island and principal partner of Goalpost Pictures.

“EFIC’s commitment will help us to bridge the gap by increasing our cash flow,” she said.

“EFIC is excited to support the export of an Australian television production through our first Producer Offset loan”, said EFIC’s Executive Director, SME, Andrea Govaert.

“The loan shows how EFIC can help successful production companies like Goalpost Pictures by complementing commercial sources of funding,” she said.

In Panic at Rock Island, a major disaster strikes a rock festival on an island in Sydney Harbour. The telemovie was written by Matt Ford and is being directed by Tony Tilse, whose recent television credits include the Underbelly series and Scorched.

For more information about the Producer Offset loan, visit www.efic.gov.au/producer_offset_loan.

Related news & editorials

  1. tank
    12.07.2021
    12.07.2021
    by      In , In
    A collaborative partnership between Lockheed Martin, Australian manufacturer Omni Tanker and the University of New South Wales (UNSW) will look to develop and commercialise world-first composite tank technologies, thanks to a grant from the Federal Government’s Advanced Manufacturing Growth Centre... Read More
  2. 3D printer
    12.07.2021
    12.07.2021
    by      In , In
    Obsolescence is an unavoidable part of any manufacturing environment. However, it’s concerning that nearly 70% of companies admit they do not know when vital equipment requires replacing, or when they do, they scramble to find replacements. Here, Claudia Jarrett, country manager at automation parts... Read More
  3. circuit breaker
    09.07.2021
    09.07.2021
    by      In , In
    Distributor Control Logic has announced the availability of the PULS PISA-B electronic protection module.
    The all-new PISA-B generation is one of the most compact protection module solutions on the market, with eight completely separated, individually adjustable channels to ensure reliable... Read More
  4. medical implements
    09.07.2021
    09.07.2021
    by      In , In
    Henkel’s California facilities dedicated to developing and manufacturing resins for 3D printing, have achieved ISO 13485:2016 certification, an international quality standard. In Henkel’s case, it covers the design and manufacturing of biocompatible resins and other materials used to produce non-... Read More
Products
Suppliers