What are deferrals?
Deferred costs are those where individuals or facilities have agreed to delay their invoicing (or part thereof) until further finance has been raised on a project. Some films have been made entirely on deferrals however this does place a heavy burden on the producer to ensure that incoming funds are appropriately distributed at a later date. Screen Australia does not recognise deferred fees in a film financing plan. Producers applying for post-production funding will need to consider their existing agreements with cast and crew where deferred fees have been negotiated, as Screen Australia investment cannot be used retrospectively to pay deferred fees.
