Sydney- Australia’s major funding agency, Film Finance Corp., has indicated it will start co-investing in film and TV projects that are eligible for the new producer rebates from its December 2007 board meeting onwards. It will use the current guidelines for co-investment. For adult and children’s TV dramas that are eligible for a 20% rebate, the FFC will put up the difference between the value of the rebate (which might be 18%) and the 35%-38% of the budget available under the FFC’s TV drama guidelines. The same formula will apply to documentaries that qualify for the 20% rebate. A feature film eligible for an investment of 45% of its budget from the FFC would receive the 45% minus the dollar value of the producer rebate of up to 40% of the budget. So if the value of the rebate were 35% of the budget, the FFC would invest only 10%. The Government announced that eligibility of productions will be based on the current 10BA criteria for certification as an ‘Australian film’, but with sources of financing and ownership of copyright no longer included as specific factors in determining eligibility. The FFC has hired