Hi there - this is a longstanding Premiere issue with rewrapped H264 from that family of Panasonic devices. We've heard a few times that they intended to correct it, but it's still ongoing. The only way around it is to transcode the file to a format like ProRes unfortunately.
AVCHD Frame rate issue in Adobe products
Computer - 2-year old iMac, 32GB RAM, OSX 10.9.3, Edit Ready - 1.3.4.
File coming from Panasonic HMR-10 recorder (same AVCHD/MTS format as AG-AC160a cameras). Recorded in 1080i59.94. Tried Rewrapping file, to preserve original structure. File appears to play fine directly in Quicktime, but QT's inspector reports the file as now being 29.97fps. When imported into Premiere or Adobe Media Encoder, the software reports it as 14.98fps. Trying to play it in Premiere, you end up with what looks like slow-moving video, but normal audio (out of sync). The TRT of the video was reported as normal, but running at 1/2 or 1/4 speed. Very strange.
Other 1080i59.94 videos not rewrapped through Edit-Ready do show 59.94fps in both Quicktime and Premiere.
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ProRes, is what I ended up doing. But it kinda defeats the whole awesomeness of rewrapping. I guess I'm glad to know where the problem lies, and can quit trying to fix it on my end. So, thanks!
Uh, while I am here . . . . . When actually trancoding (not rewrapping, as I can see where it wouldn't work for that) EditReady could really use In and Out points, to set what part on the file I'm transcoding. Sometimes, you just don't want to do the whole file.