Tax Credit - AUSTRALIA FEDERAL

http://www.afc.gov.au/filminginaustralia/taxfins/federal/fiapage_56.aspx
A new Australian Screen Production Incentive was introduced as part of the 2007-08 Federal Budget. It comprises:

a Producer Offset, providing a tax offset of 40 per cent of eligible Australian expenditure to producers of qualifying feature films, and a 20 per cent rate for qualifying television productions, including TV series, documentaries, mini-series. The offset will be delivered through the taxation system and will not be capped. A Producer Offset Fact Sheet is available here: www.ffc.gov.au/producer_offset/.
Location and PDV Offsets for international producers, which replace the previous incentive (the Refundable Film Tax Offset, or RFTO). The new Location Offset provides a 15.0 per cent offset for eligible expenditure. Eligibility for international producers will be extended beyond the criteria for the RFTO to include an alternative but mutually exclusive post, digital and visual effects (PDV) offset, where qualifying expenditure exceeds $5.0 million, whether or not the production is shot in Australia. www.arts.gov.au/arts_culture/film/location_offset.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!