Loan supports Aussie film

Loan supports Aussie film article image
Australian political thriller Last Dance has been financed through the government’s export credit agency. Export Finance and Insurance Corporation (EFIC) financed a producer offset loan to production company Ulah Pty Ltd, set up by producer Anthony I. Ginnane, to finance production costs of the film. According to Alex Fernandez, EFIC’s head of Alliance and Product, SME and Mid Market, the loan helps cash flow restraints by outlaying funds before the government Producer Offset tax rebate comes in. "We are proud to suppor Antony I. Ginnane in the export of a confronting Australian story through our Producer Offset loan," Fernandez said. The film follows the story of a radical Palestinian who holds hostage a holocaust survivor after a failed suicide bombing. "The film touches on issues of ideology, faith and freedom but ultimately is the story of family and a mother’s love," Fernandez said. Ginnane, said the loan came when the production was facing a funding gap. "EFIC’s support gave us the financial breathing space we needed to tell this story about the power of compassion and reassure our international partners that we could meet our agreements to distribute the final production to international audiences," Ginnane said. The EFIC Producer Offset loan assists in financing eligible Australian film, documentary and television productions.


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