The Government will provide $222.9 million over two years from 2020-21 to continue to support the arts sector through the impacts of COVID-19.
- Expansion of the Restart Investment to Sustain and Expand Fund to provide financial support to support events or productions
- Extension of the Temporary Interruption Fund for 2021-22
- A program of support for independent cinemas
Producer Tax Offset rate holds at 40% for 2020-21
The Producer Tax Offset rate will stay at 40% for feature films with a theatrical release. The 2020-21 Budget had intended to reduce the rate to 30%.