This is MEAA's submission on Schedule 6 of the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024, which deals primarily with the long-anticipated increase to the location offset, which attracts large-scale international productions to shoot in Australia and includes provisions to ensure long-term benefits to the Australian industry flow from these productions.
The Bill increases the location offset from 16.5%, increases the qualifying Australian production expenditure threshold from $15 million to $20 million, and introduced training or infrastructure investment obligations as a condition of receiving the offset.
MEAA wholeheartedly supports each of these provisions.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
