The Revolving Film Finance Fund (RFFF) is a lending facility established to cashflow Queensland screen productions and infrastructure projects by way of lending funds secured against Producer Offset, bank guarantees, letters of credit, distribution guarantees, pre-sales or other secure financial instruments.

The general purpose of the RFFF is to:

• increase the amount of Australian, and particularly Queensland-created, screen production in Queensland
• establish and maintain a commercially viable screen industry in Queensland
• establish sufficient production and post-production infrastructure to maintain a commercially viable screen industry in Queensland
• maximise employment opportunities and the continuity of employment in the screen industry in Queensland.
• The RFFF may only be used for full-recourse loan funding or equivalent arrangements (i.e. the Applicant must repay the whole of the principal, interest and costs associated with the loan, regardless of the outcome of the project).

How much can I apply for?

The maximum amount of funding per Applicant for any single project is $7 million or 50% of the production budget, whichever is the lesser. Only 90% of total estimated Producer Offset will be loaned, and the estimated QAPE must be covered by a Completion Guarantee, from a reputable Completion bond entity. An Applicant may apply for funding of a number of different projects. However, the maximum amount of funding which may be outstanding to any Applicant with respect to a number of projects is $7 million. Upon the repayment of a loan, the Applicant may borrow additional funds up to this limit subject to fund capacity.

Who can apply?

To be eligible to apply for loan funds under the RFFF:

• The applicant must be a company incorporated in Australia, with the sole purpose of producing the project;
• The company will need an ABN, have no outstanding tax obligations and a clean credit history;
• The Queensland Production Expenditure (QPE) must be not less than 50% of its total budget. Exceptions to this requirement may be made in the case of official international co-­‐productions;
• Where possible, the production will engage bona fide Queensland residents for the production of the project in all key creative positions and all areas of production;
• The production must have substantial finance in place and, for Producer Offset loans, must have a Provisional Certificate from Screen Australia for the project; and
• The applicant must be the copyright holder or have a clear chain of title in any and all works on which the project is based.

• Phone: (07) 3248 0500
• Email: content@screeenqld.com.au