Good news for our screen sector as it looks to become more competitive globally.
The Government's set to lower the minimum spend for feature films to qualify for a 20% cash rebate next year from $15 million to $4 million.
It'll also expand eligibility for an extra 5% rebate to include post-production, so films can be finished locally.
Screen Music and Sound Guild New Zealand Chair John Mckay told Mike Hosking incentives like this are the backbone of film financing.
He says we're not even competitive with Australia's rebate of 30%, so more flexible rules are welcome.
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The Mike Hosking Breakfast