New criteria for NZ Screen Production Grant for International Productions
The New Zealand Government has updated the criteria for the New Zealand Screen Production Grant for International Productions. The new criteria will apply from 1 July 2017.
A summary of the criteria can be found here.
The key changes that apply to international productions include:
- International grant for PDV Productions is now 20% for the first $25 million of Qualifying New Zealand Production Expenditure (QNZPE), thereafter moving to 18%.
- Changes to the QNZPE definition, including additional restrictions on overseas-sourced goods being QNZPE.
- Changes to the specific QNZPE inclusions and introduction of additional QNZPE exclusions (including a cap on ‘Above The Line Costs’).
- Introduction of a requirement that applicants apply for a Provisional Certificate or register with the New Zealand Film Commission before ‘Principal Photography’ commences.
- A fee may be payable for making an application.
- A written invitation from the Ministry of Business, Innovation & Employment and the New Zealand Film Commission is required to apply for the 5% uplift.
- The 5% uplift is only available to ‘Live Action Productions’.
- Tightening of the ‘Significant Economic Benefits Points Test’.
- Introduction of additional requirements for 5% uplift eligibility. In addition to meeting the ‘Significant Economic Benefits Points Test’, applicants must meet QNZPE thresholds and must demonstrate that the value to New Zealand of the production’s activities will meet or exceed the value of the 5% uplift applied for.
A full copy of the new criteria can be found here.
The New Zealand Government has also recently confirmed that it has allocated $303.9 million over the next four years to support the continuation of the New Zealand screen industry production grants, both globally and domestically. More details can be found here.
Please let us know if you have any questions.