The Treasury Laws Amendment Bill and Schedule 1 Measures
The Bill includes a welcome measure to increase the Producer Offset for eligible films not released in cinemas (aka by the screen industry as television content) from 20% to 30%, alongside the removal of the 65 hour cap for scripted content as qualifying expenditure. Other measures in Schedule 1, such as the removal of the Gallipoli Clause, the increase to qualifying expenditure thresholds to claim the offsets and placing a cap on the amount of copyright material that can be included as qualifying expenditure for the offset, have been included in the Bill with very little industry consultation.
August 2021 update
The Government issued the Treasury Laws Amendment (2021 Measures No. 5) Bill 2021 in early August 2021, following a Draft Exposure Bill in May. The Bill was passed by the Lower House of Representatives on 10 August. The Bill is being reviewed by the Senate Committee for the Environment and Communications in preparation for the Senate vote after 20 August 2021. Key to this Bill is the increase from 20% to 30% for the Producer Offset applying to eligible films not released in cinemas.
The AGSC made a joint submission with APRA AMCOS in response to the Bill and is a signatory on a combined submission from the Australian Screen Industry Guilds and Associations network (ASIGA).
On 20 August 2021, the AGSC and APRA AMCOS were invited to participate a witnesses to a Senate Committee Hearing for this Bill. Four panels of industry representatives spoke during the 3 hour hearing, with Antony Partos representing the AGSC. Dean Ormston from APRA AMCOS supported us by speaking directly with Senators, letting them know why this Bill should not pass in its present form.
We are urging the Senate to not vote for the Bill with all the detrimental measures included, but to vote for a Bill which keeps the 30% offset increase and the removal of 65 episode cap, and OMITS the rest, so it can pass through parliament.