IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 15 Apr 2013 | Removal date: open ended
Still in force

State loan

On 15 April 2013, the Export Finance and Insurance Corporation (EFIC), Australia's export credit agency, announced it would provide a direct loan to the producers of the Australian surfing drama Drift. This state support was necessary because the existing lender, Fulcrum Media Finance, was unable to provide the additionally needed pre-sales financing. The financing has been provided as part of EFIC's loan scheme targeting Australian films, documentary and film productions with international distribution agreements. The worldwide release of the film is scheduled for May 2013.

AFFECTED COUNTRIES

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