Ms Teresa McGrane:

Just to go through the structure of the section, as the Deputy is aware, the producer company is the applicant company. It makes the application to the Department, receives approval and the tax credit. That tax credit is then passed down from the producer company to the DAC. The DAC is the company that employs the cast and crew and secures the location and all the necessary rights. There is a commissioning relationship between the producer company and the DAC. The delivered film passes back from the DAC to the producer company. My understanding is that the DAC is the company that employs the crew. It concludes the employment contracts and is responsible for the employment relationships, as per legislation, between that company and the crew. I suppose it is a function of section 481 that there is a DAC in the structure. I know that reference was made to the fact that the DAC ensures there is transparency, which it does, by the way. It is also a structure of financing.