For VPF eligibility purposes, a genuine co-production must include a Victorian production company with a track record or ambition to develop and produce projects in its own right. It does not include service companies set up to facilitate imported productions. The project and relationship between the companies must demonstrate significant benefit for the Victorian company including fees and overheads from the production budget. Additionally, a portion of any Assigned Production Investment (API) secured from VicScreen for the project should be assigned to the Victorian production company for their benefit. This portion of the API should be recognised in the finance plan as part of the local producer’s investment in the project.