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.
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